After Russia’s unilateral withdrawal from the “grain agreement” in July of this year, Russian missiles and drones destroyed 280 thousand tons of Ukrainian grain. The Financial Times reports this.
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Over the past two months, Moscow has carried out a series of drone attacks on Ukraine’s southern ports. Their goal was to destroy the economic infrastructure and export routes intended to break Russia’s Black Sea blockade.
Over the past 12 months, Ukraine, which produces half of the world’s sunflower oil exports and 10% of wheat, exported about 35 million tons of grain through the Danube. Together with rail freight transport across Europe, this provided vital economic support for our country.
Kernel chief executive Evgeniy Osipo predicts that high costs will undermine Ukrainian grain production and lead to exports in 2024 halving from last year to about 35 million tons.
There is increasingly no point in growing crops for Ukrainian farmers, because they are simply losing money,” Osipo said.
However, the capacity of the Danube can expand further.
The advantage of the Danube is that there are many places for loading and the infrastructure is distributed. This also means that Ukraine is not dancing to Russia’s tune, says Nibulon CEO Andrei Vadatursky.
Source: Racurs
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.