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Commenting article: Wheat Prices Could Soar if EU Approves Ukraine Loan

Ukraine's wheat production, which is the 11th largest in the world, may suffer due to the EUR 11 B aid from the EU.

The reason is that the money will come with strings attached, such as drastically raising electricity and fuel prices in the country, as Bulgarian website Expert.bg has warned.

Another requirement will be to scrap the ban on land sales to foreigners, according to Bulgarian analyst Simeon Elazarov from the Sofia Stock Exchange. This will lead to wheat's prime cost going up and, therefore, increase its added value.

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#1
Optimistic - 9 Mar 2014 // 13:51:31

The IMF will lend the Ukraine 11 billion if it agrees to austerity measures and higher electricity and fuel prices.

So IMF your opening move is to fuck the poor people in the Ukraine.

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