NBU: Russia’s attacks on ports are significant, but currently the maritime corridor is operating stably

The National Bank of Ukraine assumes that the maritime corridor will continue to work stably, but risks due to Russian shelling make exports difficult.

This became known in the inflation report of the National Bank for April, writes Latifundist. 

“The forecast includes uninterrupted functioning of the sea route, the average monthly capacity of which will be about 7 million tons. This will be enough for the export of agricultural products, as well as increasing the export of MMC products to traditional markets for Ukraine,” the National Bank reports.

The National Bank of Ukraine believes that further stable operation of the sea route will significantly reduce the cost of transportation for exporters and contribute to an increase in foreign exchange earnings.

“However, the risks of damage to ports, infrastructure and ships as a result of Russian attacks still remain significant. If they are implemented, the efficiency of the sea route will significantly decrease, which will negatively affect export revenues and further activities of the agricultural and metallurgical sectors,” the National Bank of Ukraine added.

Previously, USM reported that the Cabinet of Ministers approved the Procedure for providing compensation to ship owners.