Since August, Ukraine has launched a series of attacks on Russian military ships and naval facilities, destroying a fifth of the Russian Black Sea Fleet. This allowed Ukraine to close the Russian navy’s access to the Black Sea and increase the export of grain from the main ports in Odesa almost to pre-war levels.
Currently, grain and iron ore are the main exports, but container exports are planned to be launched soon. In addition, insurance provided by the Ukrainian government and international companies became a key export component, without which few commercial ships would dare to anchor in Ukrainian ports.
The cargo turnover at Odesa ports in February amounted to eight million tons, of which 5.2 million tons were products of Ukrainian farmers. Therefore, the inflow of cash makes it possible to invest and put money into new projects to replace products from the territories in the south of Ukraine that were occupied by the Russian Federation.