Economy

At a meeting on Saturday, April 9, the Cabinet of Ministers legally confirmed the decision to terminate trade relations with the Russian Federation.

The Cabinet of Ministers has abolished the licensing of exports of corn and sunflower oil.

Traders have made the first shipments of Ukrainian corn to Europe by rail as Ukraine’s seaports remain blocked by Russia’s invasion.

During the month of the war, the estimated amount of losses inflicted by the Russian Federation on the entire transport infrastructure of Ukraine amounted to almost $40 billion.

Following Russia’s invasion of Ukraine, forward prices for future Ukrainian feed barley rose to $400/tonne.

The government has expanded the list of critical imports to include agricultural machinery, spare parts and equipment for agricultural work necessary for farmers.

The Pivdennyy Mining and Processing Plant is fully implementing its March plan to produce iron ore concentrate.

Ukrainian grain traders consider the Danube as an alternative to seaports. Traders Kernel, Cargill, Bunge Ukraine and others have applied for the export of more than 1 million tons of grain along the Danube, Ukrvantazh reports. The cargo will be sent to Romania, where it will be transferred to the navy. The only problem now…

At the request of the government of Ukraine, Australia will provide at least 70,000 tons of energy coal to enhance the energy security of our country.

Tankers of the shipping company Frontline Tankers transport Russian oil cargo from the port of Novorossiysk.