Ukraine already exports almost 1.5 million tonnes of products via new corridor
Almost 1.5 million tonnes of products have been exported via the new alternative corridor, on which Ukraine commenced work after Russia withdrew from the Black Sea Grain Initiative.
Source: Ukrinform news agency, citing Oleksandr Kubrakov, Ukraine's Deputy Prime Minister for Recovery and Infrastructure Minister, during the 6th German-Ukrainian Economic Forum
Quote: "The No. 1 condition for the restoration of the economy is the ability to export through the deep-water ports in the Black Sea. From the moment Russia pulled from the grain agreement, we began to work with a new alternative corridor. We already see our first results – almost 1.5 million metric tons have been exported," the minister stressed.
Details: Kubrakov added that 32.9 million tonnes of agricultural products were shipped to Africa, Asia and Europe between August 2022 and July 2023. The official said it is necessary to focus on export logistics to fulfil a larger volume.
"The Danube performs a very important function. When no ports were in operation in Odesa region, it took almost 50% of all exports and imports. This is our big alternative route,
About 85% of the Dnipro gateways are in critical condition, so the need for investment in modernization is $165 million," Kubrakov summed up.
Background: Russia has carried out 17 massive attacks on Ukraine since withdrawing from the grain deal, which has led to a 40% reduction in the Ukrainian ports' export potential.
Ukraine managed to resume the operation of the Greater Odesa ports without third-party involvement, thanks to military preconditions, including the attack on a Russian landing ship in August (the three ports of the Greater Odesa are Odesa, Chornomorsk and Pivdennyi – ed.).
Ukraine opened registration for merchant ships and their owners to use temporary routes to and from Odesa ports after Russia unilaterally withdrew from the Black Sea Grain Initiative.
The first vessel to use the Ukrainian Black Sea corridor after Russia's withdrawal from the grain initiative arrived in Istanbul, Türkiye, on 18 August.
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