Economy

The Russian Federation has withdrawn guarantees of navigation safety in the Black Sea
Russia has withdrawn from the Grains Agreement, as well as withdrawn shipping safety guarantees and declared the northwestern part of the Black Sea “dangerous”.

34,000 tons of barley were sent by caravan to Constanta
Transshipment of agricultural products to a vessel with a deadweight of more than 45,000 tons is currently underway.

The NATO Secretary General condemned Russia’s withdrawal from the Black Sea Grain Initiative
NATO Secretary General Jens Stoltenberg condemned Russia’s unilateral decision to withdraw from the Grain Agreement.

USPA: the world did not receive 25 million tons of agricultural products due to the Russian Federation
The world did not receive an additional 25 million tons of agricultural products due to Russian sabotage of the “grain corridor”.

Insurers review work in the Black Sea because of the Grain Agreement
Russia’s withdrawal from the Grain Agreement has prompted insurance companies to review their coverage policies for cargo ships operating in the Black Sea.

The UN and the EU will conduct an assessment of the ports of Odesa and Reni: details
UNODC and UNOPS experts will assess the capacity at the border in the ports of Odesa and Reni.

Without the Russian Federation: Ukraine offers a new solution on the Grain Agreement
The President of Ukraine talked with UN Secretary General António Guterres. It was about the necessity of the “grain corridor”.

Zelenskyy commented on the Russian Federation’s statement on withdrawing from the Grain Agreement
The President of Ukraine, Volodymyr Zelenskyy, stated that there were no agreements between Ukraine and the Russian Federation, as these are two different agreements.

Warehouse space will be leased in the port of Reni
The State Property Fund will hold an auction for the lease of premises in a warehouse in the Rheny port.

The world market reacted to Russia’s withdrawal from the Grain Agreement
After the Russian Federation announced the termination of the Black Sea Grain Initiative, global wheat prices rose sharply.