Friday, August 19, 2022
HomeEconomyFirst ship carrying grain leaves Ukraine under Russia landmark deal

First ship carrying grain leaves Ukraine under Russia landmark deal

The first ship carrying grain after the Russian invasion of the country has left the Ukrainian port under a landmark deal with Russia.

According to Turkish and Ukrainian officials, the ship left the southern port of Odesa early on Monday morning local time.

Russia has been blockading Ukrainian ports since February, but the two sides agreed on a deal to resume shipments.

The blockade of Ukraine’s grain has caused a global food crisis with wheat-based products like bread and pasta becoming more expensive and cooking oils and fertiliser also increasing in price.

It is hoped the deal will ease the global food crisis and lower the price of grain.

In a statement issued ahead of the ship’s departure, Turkey said the Sierra Leone-flagged vessel would dock in Lebanon, adding that further shipments were planned over the coming weeks.

The Joint Coordination Centre (JCC) in Istanbul set up under the deal said the ship was carrying some 26,000 tonnes of corn and was expected to arrive in Turkish waters for inspection on Tuesday.

“Today Ukraine, together with partners, takes another step to prevent world hunger,” Ukraine’s Infrastructure Minister Alexander Kubrakov wrote on Facebook.

“Unlocking ports will provide at least $1 billion in foreign exchange revenue to the economy and an opportunity for the agricultural sector to plan for next year.”

Mr Kubrakov added that 16 other ships were waiting to depart in the ports of Odesa Region in the coming weeks.

The deal which was brokered by the UN and Turkey – took two months to reach and is set to last for 120 days. It can be renewed if both parties agree.

LEAVE A REPLY

Please enter your comment!
Please enter your name here