Ukraine priotitizes restoring shipping in the Black Sea to pre-war levels and asks for new air defense systems to increase its exports.

Wednesday, December 20, 2023
Ukraine priotitizes restoring shipping in the Black Sea to pre-war levels and asks for new air defense systems to increase its exports.

Ukraine’s Black Sea grain corridor is performing better than expected, but stronger air defenses are needed to quicken ship loading and improve port protection, said Infrastructure Minister Oleksandr Kubrakov.

According to him, Ukraine has exported almost 10 million tons of goods, mainly grain, through the ports since August. However, the volume of exports is lower than last year. Given that financial aid to Ukraine has slowed down, Ukraine’s economy needs to ensure that its grain and oil crops reach world markets. The security of the shipping passage through the Black Sea is vital to achieving this goal.

According to Kubrakov, since drone and missile strikes continue, the protection of the port infrastructure in the south of the Odesa region remains a key point for the security of the shipping corridor. This can be achieved by more modern air defense and F-16 fighters.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Russian gas exporters' profit decreased by three times, while Turkey saved $2B thanks to Russian oil.

Russian gas exporters' profit decreased by three times, while Turkey saved $2B thanks to Russian oil.

Next post
The EBRD increases its capital by €4B to continue investment in Ukraine.

The EBRD increases its capital by €4B to continue investment in Ukraine.

Previous Main Topics