Ukraine is losing billions of dollars due to blockage of ports, which negatively affects the hryvnia exchange rate.
Ukraine is losing 1.5 billion dollars per month due to the blockage of Russian ports, Deputy Minister of Agrarian Policy Taras Vysotsky said, RBC-Ukraine writes on Tuesday, June 14th.
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“The inability to sell agricultural products on international markets means direct losses for Ukrainian farmers and the economy, as well as significant pressure on the balance of payments, which negatively affects the exchange rate , “he wrote.
The Deputy Minister recalled that the Russian invasion disrupted traditional logistics routes for the export of agricultural products. In particular, the ports provided transshipment of more than 80% of the grain. Their capacities can only be partially replaced by other means.
“Although in April and May of this year we were able to slightly diversify our export channels, refocusing ourselves on rail and river transport, the volume of grain supplies to other the country is still lagging behind in pre -war numbers. In April, only 1.1 million tons of grain were exported, and in May – 1.7 million, “Vysotsky said.
He admitted that even European assistance in ground transportation could not afford to fully restore Ukrainian exports.
Today, due to the blockade of ports, more than 20 million tons of grains and legumes and 5 million oilseeds cannot enter the world market.
It should be noted that Turkey and Russia, with the participation of the UN and Ukraine, are talking about creating corridors to unblock the supply of Ukrainian grain by sea, but to no avail.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.