Sunday, February 5, 2023

Odesa strike displays it will not be effortless to export grain by using ports: Ukraine – Moments of India

KYIV: Ukraine could export 60 million tonnes of grain in eight to nine months if its ports were being not blockaded, but Russia’s strike on the port of Odesa showed it will surely not be that simple, an economic adviser to the Ukrainian president claimed on Sunday.
Ukraine could generate $10 billion by selling 20 million tonnes of grain in silos and 40 million tonnes from its new harvest, adviser Oleh Ustenko mentioned. The harvest totals 60 million tonnes, of which 20 million are for domestic intake, he reported.
“If the ports were being unblocked now and we say we will need to go 60 million tonnes of grain… then we would transportation 60 million tonnes of grain in 8-9 months,” he claimed.
“But with the way they are opening now and what Russia is undertaking in the Black Sea, yesterday’s strike reveals that it certainly is not going to function that way,” he mentioned.
Russian missiles hit the port of Odesa a day immediately after Russia and Ukraine, with mediation by the United Nations and Turkey, signed a deal to reopen Black Sea ports and resume grain exports. Moscow says it hit army infrastructure.
The deal is expected to relieve worldwide foods shortages triggered by the war.
Ukraine will need to have 20 to 24 months to export those people volumes if its ports are not performing appropriately, he stated.

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