The opening of Ukrainian ports for the export of ore will increase the workload of Mining and Processing Plant

The state and business should work on transforming the temporary corridor for the maritime export of Ukrainian products into a permanent one.

This opinion was shared by the general director of the “Metinvest” group Yuriy Ryzhenkov. According to him, after the first ships with grain and metal left Ukrainian ports, there was cautious optimism about the possibility of a full recovery of exports.

However, the military-political leadership of Ukraine and business must make additional efforts to make the temporary corridor a full-fledged route.

“The Armed Forces, the Navy, the State Government and the Ministry of Infrastructure have been working on these issues for at least eight months. But we all still need to work on making this route one that we could count on together with farmers,” Interfax-Ukraine quotes Ryzhenkov as saying.

Ryzhenkov emphasized that the recovery of sea exports is especially important for the mining segment of the group, as the impossibility of exporting iron ore raw materials by sea has forced the company to significantly reduce the loading of Mining and processing plants.

Thus, before the full-scale invasion of the Russian Federation into Ukraine, less than 10% of the Russian Federation was exported to Europe, the main volume of exports went by sea to China through the ports of Great Odesa.

“Today, our Mining and processing plants are loaded by 35-40%. The plants of our colleagues work even with lower indicators. And here there is no other way out than to open the ports of Great Odesa,” Metinvest noted.