Russia’s blockade of Ukrainian ports has led to a sharp decline in metal exports. Their unblocking could provide an additional inflow of $600 million.
Expanding the agreement to unblock ports for metal exports could bring Ukraine an additional $600 million per month, writes Forbes Ukraine.
The publication recalls that last year Ukraine exported metal and ores worth $21.1 billion, which is 30.9% of all Ukrainian annual exports. Due to the blockade of ports, exports of the metal fell 47.3% to $3.22 billion.
“The restoration of sea exports of metal and ore will ensure an additional inflow of more than 600 million dollars into the country per month. It will also help stabilize the hryvnia exchange rate and keep the currency corridor in within UAH 33-36/$,” these are the preliminary calculations of Ukrmetallurgprom, message.
Earlier, the Ministry of Economy reported that Ukraine called for the “grain agreement” to be extended to include Ukrainian metals.
Russia has said it is agreeing to expand a “grain corridor” for the export of metals from Ukraine in exchange for the lifting of Western sanctions against its metallurgy.
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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.