Uncertainty over who would insure shipments through mined waters worsened by Russian attack on port
Worries over insurance are the biggest obstacle to grain ships leaving Ukraine’s Black Sea ports this week, exporters say.
Ukraine’s infrastructure minister, Oleksandr Kubrakov, said on Monday that the first ships would leave their Black Sea ports this week, despite the attacks. Kubrakov, who signed on behalf of Kyiv, said that although Ukraine did not trust Russia, “it trusts its allies and partners, which is why the agreement … was signed with the UN and Turkey and not Russia”.
The general priority of exporters and buyers, said Belikova, is to move the grain that is loaded on vessels that have been sitting in Ukraine’s ports since the invasion. If everything goes smoothly, said Belikova, they will then start thinking about moving what is stored at the ports. However, Turkish ships tend to be smaller, carrying just 10,000-15,000 tons, whereas the type of ships that previously operated from Ukraine tended to carry 40,000-70,000 tons of cargo, said Worledge.
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