Economy

Interpipe has redirected part of its exports to North America and the Middle East through one of the European ports after the blockade of the seaports of the Odesa region.

In the Danube ports, the demand prices for food wheat increased by $1–4 per ton this week due to low grain supply from farmers.

In the first 12 days of August, Ukraine exported only 280 thousand tons of grain and legumes, while last year this figure exceeded 1.15 million tons.

SE “MTP “Pivdennyi” is preparing heat and energy infrastructure, backup power sources, port fleet and transshipment equipment.

“Moldova Railways” has agreed to a 50% discount on transit freight until the end of 2026.

According to the investigation, in 2021-2022, documents for payment for electricity were approved at prices that in some cases were more than twice as high as those stipulated in the contract.

Market participants expected a clearer statement from Turkish President Recep Tayyip Erdogan regarding the possible closure or restriction of vessel passage through the straits.

After the Russian Federation intensified its attacks on Ukrainian ports and civilian vessels, Ankara has shown that it is ready to use control of the Bosphorus and Dardanelles as leverage.

For Ukrainian exports, this means a new risk premium – even before the straits are actually closed. USM spoke with experts in the maritime and agricultural industries to find out how Turkey’s decision could affect shipping and the freight market.

Ukraine and Poland discussed the possibility of increasing the transit of Ukrainian agricultural products through Polish ports amid Russian attacks on the ports of Great Odesa.

The Ministry of Agrarian Policy expects grain exports to reach 38–40 million tons in the 2026/27 marketing year.