Who controls agricultural land in Ukraine?

The total amount of land controlled by oligarchs, corrupt individuals, and large agribusinesses is thus over nine million hectares, exceeding 28 percent of the country’s arable land. The rest is used by over eight million Ukrainian farmers.

Part 1

With 33 million hectares of arable land, Ukraine has large swaths of the most fertile farmland in the world. Misguided privatization and corrupt governance since the early 1990s have concentrated land in the hands of a new oligarchic class. Over 4.3 million hectares are under large-scale agriculture – with the bulk, three million hectares – in the hands of just a dozen large agribusiness firms. In addition, according to the government, about five million hectares – the size of two Crimea – have been “stolen” by private interests from the state of Ukraine.

The largest landholders are a mix of oligarchs and a variety of foreign interests – mostly European and North American, including a US-based private equity fund and the sovereign fund of Saudi Arabia. All but one of the ten largest landholding firms are registered overseas, mainly in tax havens such as Cyprus or Luxembourg. Even when run and controlled by oligarchs, a number of firms have gone public with Western banks and investment funds now controlling part of their shares.

The report identifies many prominent investors, including Vanguard Group, Kopernik Global Investors, BNP Asset Management Holding, Goldman Sachs-owned NN Investment Partners Holdings, and Norges Bank Investment Management, which manages Norway’s sovereign wealth fund. Several large US pension funds, foundations, and university endowments are also invested in Ukrainian land through NCH Capital – a US-based private equity fund, which is the fifth largest landholder in the country.

Source:

https://www.oaklandinstitute.org/sites/oaklandinstitute.org/files/pdfpreview/war-theft-faq.pdf

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