Agricultural companies pull out of Russia as U.N. ramps up efforts to help Ukraine’s farmers

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Agco, an agricultural machinery company, said it “carefully considered how best to serve farmers” before suspending sales in Russia and Belarus.

in a statement last week, noting that agriculture accounts for 9 percent of Ukraine’s gross domestic product.

It said that $50 million will be needed over the coming three months to “support smallholder farmers in the country to plant their fields, harvest their crop, save their livestock and keep producing food.” Between February and May, fields will be prepared for wheat, barley, maize and sunflowers, it said.Agco, an agricultural machinery company, announced last week that it has suspended the sale of new machinery in Russia and Belarus.

 

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