Ukraine: The Corporate Annexation. “For Cargill, Chevron, Monsanto, It’s a Gold Mine of Profits”
By JP Sottile
March 25, 2014
As the US and EU apply sanctions on Russia over its annexation’ of Crimea, JP Sottile reveals the corporate annexation of Ukraine. For Cargill, Chevron, Monsanto, there’s a gold mine of profits to be made from agri-business and energy exploitation.
The potential here for agriculture / agribusiness is amazing … production here could double … Ukraine’s agriculture could be a real gold mine.
On 12th January 2014, a reported 50,000 “pro-Western” Ukrainians descended upon Kiev’s Independence Square to protest against the government of President Viktor Yanukovych.
Stoked in part by an attack on opposition leader Yuriy Lutsenko, the protest marked the beginning of the end of Yanukovych’s four year-long government.
That same day, the Financial Times reported a major deal for US agribusiness titan Cargill.
Business confidence never faltered
Despite the turmoil within Ukrainian politics after Yanukovych rejected a major trade deal with the European Union just seven weeks earlier, Cargill was confident enough about the future to fork over $200 million to buy a stake in Ukraine’s UkrLandFarming.
According to the Financial Times, UkrLandFarming is the world’s eighth-largest land cultivator and second biggest egg producer. And those aren’t the only eggs in Cargill’s increasingly ample basket.