Ukraine: The important junction of commodity traffic in the Black Sea is blocked

The Black Sea, one of the main arteries of the commodity movement at the crossroads of Europe and Asia, has become the focus of the world with the conflicts in Ukraine. While the implementation of comprehensive sanctions aimed at isolating Russia from the international financial system and economies continues, the partial stoppage of shipments from the Black Sea, which is an important transit route for global commodity trade, adversely affects raw material prices. There are warnings that the deepening of the crisis between Russia and the West will further increase commodity prices. The Black Sea, which is the coast of half a dozen countries; It is vital for many other countries in the trade of energy, steel and agricultural products. Petroleum products ships coming from Russia, Azerbaijan and Kazakhstan and sailing to the world from terminals in the Black Sea are the main energy source of many countries both in the east and west. It supplies tens of millions of tons of grain and ...