The introduction of a 10% export tax on soy and rapeseed intermediaries has contributed UAH 2.17 billion to the Ukrainian budget in its inaugural year. This measure targets traders, who historically exported a substantial portion of the harvest to supply their foreign processing plants. According to Dmitry Kisilevsky, the deputy head of the parliamentary economic committee, the domestic processing of these crops reached record levels, with 54% of soy and 42% of rapeseed processed in Ukraine.
Importantly, direct sales by agricultural producers to foreign markets remain exempt from this tax. Kisilevsky emphasized that exporting processed oil and meal generates 30-50% more foreign currency per ton compared to raw material sales. Beyond direct budget contributions, the tax has also bolstered operations of Ukrainian oil factories and enhanced domestic tax revenues. The economic committee advocates for applying similar approaches to other raw material products.
