Unblocking the export of metal products by sea will help keep businesses running and provide an influx of foreign currency to the country.
The directors of the ports appealed to President Volodymyr Zelensky with a call to extend the grain corridor to metal products. The ports of Pivdenny, TIS-Ugulya and Tis-Ruda made an appeal.
“Now, for the functioning of the ports and supporting the economy, it is necessary to expand the list of export products and ensure the export of cargoes of mining and metallurgical complexes, because before the war these products provided more than 50% of cargo. transshipment,” said the letter at the disposal of the editors.
Port workers recalled that the lack of ability to export products by sea led to a crisis in the mining and metallurgical complex, metallurgical enterprises were forced to reduce their work, stopped a number of mining and processing plants.
Resuming exports of metal products by sea will help save businesses from closing, and people from losing their jobs. In addition, it will ensure the flow of foreign currency to Ukraine.
“The unblocking of ports for the export of MMC cargo will support the functioning of ports and terminals, provide jobs for thousands of workers and increase foreign exchange earnings in Ukraine. A only ships with iron ore provide $ 14 million in export revenue. And Ukraine has the ability to send up to 200 such ships a year! So, the export of MMC cargoes will create of the requirements for the strengthening of the hryvnia. In addition, only port terminals that transshipped ore paid about 1.3 billion in taxes,” the letter said.
According to experts, the monthly volume of Ukrainian steel exports fell by 77% due to the blockage of Black Sea ports.
Industry representatives appealed to the country’s leadership with a call to develop a program of state support and incentives for metallurgists and unblock the work of ports.
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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.