Omelyan says he will push for a second 20% cut in Black Sea port fees, effective next January

Omelyan says he will push for a second 20% cut in Black Sea port fees, effective next January. This would match a 20% cut that took effect last January. But he told the USUBC he is puzzled to see that, after the cut, cargo decreased by 3%. For the first six months of this year, Ukraine’s Black Sea ports handled 64 million tons of cargo and 5,848 ships. Noting that Ukraine’s seaports are largely export oriented, he questioned a World Bank estimate that cutting port charges by 40% would add 1% to GDP growth.