ACC calls on international partners to strengthen protection of Ukrainian ports

directed at Ukraine and the Odesa region: The ACC noted that the current situation carries a direct risk of disrupting global food and commodity supply chains, with far-reaching consequences for international markets and food security, including rising food prices and worsening hunger in vulnerable countries. “It is difficult to assess the real-time losses of grain and oilseed exporters, but they are currently estimated to be in the hundreds of millions of US dollars per month. Without significant strengthening of air and maritime defense systems, both Ukrainian and international businesses will face critical operational challenges, including the inability to charter vessels and obtain insurance coverage for vessels, crews and cargo,” the statement ...