Ukraine’s ports exported the most agricultural products since the beginning of the Russian invasion

In December 2023, Ukrainian ports exported the most agricultural products since the beginning of the Russian invasion. This was reported by the UK Ministry of Defense.

According to the January 22 intelligence review of the Russian-Ukrainian war, the figures were made possible by the resumption of the main Black Sea ports and the creation of a one-way sea export channel.

It is noted that it was possible to exceed the monthly volumes achieved during the implementation of the Black Sea Grain Initiative under the mediation of the UN and Turkey.

“Ukraine has achieved this by largely preventing the Russian Black Sea Fleet from operating in the western part of the Black Sea, where it is threatened by Ukrainian missiles and surface drones,” the agency emphasized.

It is also noted that market confidence is supported by the reduction of insurance through the mediation of official London under the Unity Facility insurance package.

In addition, the situation was affected by the news that Turkey, Romania and Bulgaria have formed a coalition to clear the Black Sea of mines.

Tags: export, Black Sea grain corridor