Economy

Significant grain stocks are accumulating in the Black Sea region due to restrictions on sea exports from Ukraine and Russia.

Among Ukrainian agribusiness companies traded on the Warsaw and London Stock Exchanges, this is the largest drop in shares.

Only 3.77 thousand tons of grain were delivered to the ports of Great Odesa by rail in six days.

The Ukrainian Grain Association has urged the government not to introduce priority for certain types of agricultural products during export transportation, border crossing and port transshipment.

The Antimonopoly Committee of Ukraine has allowed BT Black Sea S.a.r.l., owned by the Spanish Boluda Towage, to acquire control over the Ukrainian towing operator LLC LBSh.

The Ministry of Agrarian Policy has collected a total of over $45 million for programs to support temporary grain storage facilities in sleeves.

Sulina administration and ship agents discussed new procedures to speed up the clearance of vessels for entry and exit.

The blockade of Ukrainian Black Sea ports could lead to a loss of about 2.2% of real GDP.

Cargo traffic on the Danube towards the port of Constanta is blocked at the 280th kilometer after an incident with a river vessel.

The military insurance market for ships passing through the Black Sea is testing rates at 0.6–1% of the ship’s cost, while last week they were 0.2–0.5%.