Blockade of Great Odesa ports could cost Ukraine up to 0.9% of GDP
10.08.2026 - 17:00
The closure of the maritime corridor and the blockade of the ports of Great Odesa could reduce Ukraine’s GDP by 0.6–0.9%.
This was stated by Maria Repko, deputy director of the Center for Economic Strategy, during a discussion of economic forecasts for 2026, Interfax-Ukraine reports.
According to her, the intensification of Russian attacks on merchant shipping has not yet been fully taken into account in the basic forecasts of non-governmental analysts.
The main impact of the blockade is associated with a decrease in exports, a decrease in foreign exchange earnings, and the accumulation of stocks of agricultural products within the country.
Repko noted that a prolonged closure of ports could lead to a drop in domestic prices for export products, a reduction in the margins of agricultural producers, a deficit of working capital, and the shutdown of individual enterprises.
She also mentioned the loss of part of external markets as possible consequences.
Among the options for compensating for the sea blockade, they are considering reorienting cargo to land routes and using Romanian capacities for grain transshipment.
Earlier, due to the suspension of sea exports, the Southern Mining and Processing Plant began reducing work, and the Poltava Mining and Processing Plant suspended production.
