Kernel, Ukraine’s largest sunflower oil producer, has sold its 50% stake in its Russian grain terminal at Taman, on the Sea of Azov

Kernel, Ukraine’s largest sunflower oil producer, has sold its 50% stake in its Russian grain terminal at Taman, on the Sea of Azov. A subsidiary of Russia’s VTB Bank paid €61 million cash for the terminal, which is 10 km east of Russia’s new bridge to Crimea, over the Kerch Strait. In a statement to the Warsaw Stock Exchange, Kernel said it hasn’t been involved in Russia operations since 2017, when it assigned its transshipment quota to Global trade giant Glencore, which owns the other half of the terminal.