The sea corridor provided 75% of Ukraine's pre-war trade

Grains, Cereal & Legumes

Ukraine

Supply Chain Management

Market & Price Trends

Published Mar 27, 2024

Tridge summary

Yuriy Vaskov, Ukraine's Deputy Minister of Community Development, Territories and Infrastructure, has reported significant success in maintaining 75% of Ukraine's pre-war trade turnover through a new Black Sea corridor. Since mid-September 2023, Ukraine has transported approximately 33 million tons of cargo, a volume that matches the annual throughput under the previous grain agreement with Turkey and the UN. Despite challenges such as territory occupation, shelling, and front-line operations, the ports of Great Odesa and the Danube, handling 90% of external trade, have been pivotal. In February alone, Ukraine processed 8 million tons of cargo in deep-sea ports and 1.9 million tons in Danube ports, indicating a strong push to increase trade volumes further.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The operation of the sea corridor ensures the transportation of 75% of the pre-war trade turnover of Ukraine. This was stated by the Deputy Minister of Community Development, Territories and Infrastructure Yuriy Vaskov, writes UAProm. According to him, it will be difficult to completely restore the volume of transportation that Ukraine had by 2022, since a significant part of the enterprises ended up in the occupied territories, suffered destruction as a result of Russian shelling, or work in the front-line territories, which negatively affects production indicators. According to Vaskov, since mid-September 2023, Ukraine managed to ensure the stable operation of the sea corridor. In more than six months, about 33 million tons of cargo were transported by the new route in the Black Sea, while it took a year to process a similar volume of products under the terms of the grain agreement between Ukraine, Turkey and the UN. The ports of Great Odesa, together with the ports of the ...

Source: Agropolit