EU Opens Crisis Fund for Nations Under Influx of Ukraine Crops

The European Union is activating a crisis reserve for farmers in three eastern nations handling an influx of Ukrainian crops that’s lowering local prices.

The European Commission, the bloc’s executive, will provide €56 million ($60 million) to Romania, Bulgaria and Poland, Agriculture Commissioner Janusz Wojciechowski told reporters in Brussels late Monday. Three of Ukraine’s major Black Sea ports reopened to grain exports last year, but seaborne trade remains slower than normal, forcing farmers to continue routing crops via EU neighbors.