“NIBULON” lost more than $90 million in assets as a result of the nvasion
12.01.2023 - 16:10
In the occupied territories, in particular, there are river terminals and elevators of the NIBULON company.
“Significant areas of agricultural production, as well as elevator complexes and river terminals are now located in the occupied territories, we have $92 million of fixed assets blocked in these territories,” said Andriy Vadaturskyi, CEO of “NIBULON” in an interview with World Grain Magazine.
In addition, the company cannot use the shipping fleet due to the blockade of seaports and the passage of rivers through the occupied territories.
Currently, exports are redirected by land routes, but this requires higher costs. Because of this, the export of “NIBULON” from January 1 to November 15, 2022 decreased to 1.7 million tons of grain, which is 164% less than for the same period in 2021.
The new terminal in Izmail is expected to ease logistical disruptions.
Previously, USM reported that the terminal could handle 200,000 to 300,000 tons of grain per month.
