The UN expects a big increase in vessels for the export of Ukrainian grain

Published 2022년 8월 15일

Tridge summary

The United Nations anticipates a significant rise in Black Sea grain exports from Ukraine, following the completion of transit procedures under a recently agreed agreement. This agreement, involving Ukraine, Turkey, the UN, and Russia, aims to achieve a monthly export volume of 2-5 million tonnes. The move is designed to mitigate the global food crisis exacerbated by the Russia-Ukraine conflict, with Ukraine and Russia being major wheat exporters. However, the venture faces challenges such as potential tariff increases on Black Sea routes due to heightened military risks and higher insurance costs for ship safety.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The United Nations expects a "huge increase" in the number of vessels wanting to export Ukrainian grain through the Black Sea, after transit procedures were agreed, and the goal of 2-5 million tonnes per month is "achievable", a senior UN official said. This was reported by the Reuters news agency. Ukraine, Turkey, the United Nations and the Russian Federation have agreed on transit procedures for an agreement concluded in July on the resumption of Black Sea grain and fertilizer exports from Ukraine. The procedures include a 10 nautical mile protection zone for vessels. "We expect a significant increase in the number of transit applications," noted Frederick Kenney, the UN's interim coordinator at the Joint Coordination Center in Istanbul, which is monitoring the agreement. According to him, the goal of obtaining two to five (million) metric tons is quite achievable. The goal of the deal is to help ease the global food crisis, which the United Nations says has been worsened by ...
Source: Landlord

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