Business news from Ukraine

Two more ships to follow grain corridor from Chornomorsk – Turkish Defense Ministry

The Turkish Ministry of Defense expects successful loading of grain on two more ships in the sea trade port “Chernomorsk”.
As reported on the ministry’s official Twitter page on Tuesday, the Liberian-flagged OCEAN LION vessel has already departed Chernomorsk with 64,720 tons of corn on board, destined for South Korea.
The ship under the Turkish flag RAHMİ YAĞCI is to deliver 5.3 thousand tons of sunflower meal in bulk from Chornomorsk to Istanbul.
The ministry also said that the inspection of four ships with Ukrainian grain awaiting inspection by the Joint Coordination Center (JCC) will also be carried out in the coming hours.
As reported, on July 22 in Istanbul, at the proposal of the UN, Ukraine, Turkey and UN Secretary-General António Guteres signed the Initiative for the safe transportation of grain and food from the Ukrainian ports of Odessa, Chornomorsk and Yuzhny.

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TURKISH PRESIDENT PLANS TALKS WITH PUTIN AND ZELENSKY ON GRAIN CORRIDOR

Turkish President Recep Tayyip Erdogan plans to hold telephone talks with Russian and Ukrainian Presidents Vladimir Putin and Vladimir Zelensky in the near future, Western media reported on Thursday.
“At the end of this week or early next, I plan to have telephone conversations on the issue of the grain corridor with both Putin and Zelensky,” Erdogan said during a press conference in Madrid.
He noted that Turkey seeks to “pursue a balanced policy, not a course based on confrontation.” Erdogan hopes for fruitful talks with both leaders.

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UKRAINIAN GRAIN ASSOCIATION ASKING GOVERNMENT TO ORGANIZE GRAIN CORRIDOR THROUGH MOLDOVA

The Ukrainian Grain Association (UGA) has asked the government to organize a grain corridor for transporting grain to the Danube river ports through the border crossing near the village of Palanca (Moldova), the road to which was not previously used for agricultural exports.
The UGA proposed the corresponding route as an alternative to the railway bridge across the Bilhorod-Dnistrovsky estuary, which was damaged due to repeated shelling by Russians and now does not function, according to the association’s website.
The UGA recalled that before the Russian invasion, Ukraine exported 95-98% of agricultural products through seaports, in natural terms – 5-6 million tonnes per month. However, after the blockade of the Black Sea seaports, Ukraine can transport no more than 1.5 million tonnes per month by alternative routes.
“Currently, most of the grain exports are carried out through the Ukrainian ports of the Danube. Unfortunately, one of the ways to access the Danube ports is the bridge over the Bilhorod-Dnistrovsky estuary, which is damaged, and now the movement of rail cars and road transport is very difficult. An alternative way to access the Danube ports is the road through the village of Palanca (Moldova),” the UGA points out.
Meanwhile, the road to Palanca was not previously used for the transport of commercial goods, so its capacity is significantly limited.
Given the above and the current state of affairs in Ukraine, the UGA asks the government to create a “green corridor” for the transportation of grain cargo for export through the Danube ports, in particular in the area near the village of Palanca.
The Ukrainian Grain Association is an association of producers, processors and large grain exporters who annually export about 90% of Ukrainian grain products.

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