Air strikes caused tens of millions of dollars of damage to the grain sector in Odesa region, and the July 24 strikes on infrastructure along the Danube brought back memories of the export gridlock that followed Russia’s February 2022 invasion.
Since the air strikes, the Danube channel has seen shipping disruptions, although it was unclear why there was a slowdown of vessel traffic. Insurance sources have said war risk cover for Ukraine’s ports that was part of the defunct Black Sea grain deal had been suspended with some insurance providers reviewing provisions for Danube ports.
The route could export around 2.5 million tonnes of grain and oilseeds per month before the attacks, according to Mera.
Source: Financial Digest (financialdigest.net)
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