Economy

During the past week, the number of wagons to the seaports of Odesa decreased by 30%. Also, the volume of shipment of wagons in the port of Izmail fell slightly.

The cost of transit of agricultural products from Ukraine through the territory of Moldova was agreed to be reduced by 25%.

From July 3 to 9, 151.8 thousand tons of agricultural products were exported through the sea ports of the Odesa region, which is 45% less than last week.

Hungary offered Turkey help to extend the Grain Agreement and expand it from three to five ports.

Ukraine relies more on the political influence of the President of Turkey, Recep Tayyip Erdogan, than on the negotiations of the participants, regarding the continuation of the Grain Agreement.

Ukraine needs an alternative agricultural export route that will not depend on the Grain Agreement.

Ukrzaliznytsia called on businesses to finance projects to expand the capacity of the station adjacent to the port of Izmail.

The expert emphasized that the Turkish Navy can also guarantee the safety of maritime traffic to the ports of Ukraine.

According to estimates of the International Monetary Fund, Ukraine may lose up to $800 million every month. This is affected by the reduction in grain exports due to the blockade of the Grain Agreement and EU restrictions.

Due to the loss of river navigation on the Dnipro, “Nibulon” increases the share of land routes for transporting agricultural products.