KYIV, Nov 16 - The European Business Association (EBA) criticized a recently proposed legislation that introduces state regulation of grain prices in Ukraine that may have serious negative impact on farmers and consumers.

"For more than 10 years the state has gradually abandoned the policy of price regulation, which is a relic of Soviet times. Price restrictions have proven ineffective because they do not reflect real market conditions and have negative consequences for both producers and consumers," Irina Dushnik, the EBA Grain and Oilseed Committee Executive Director, said.