The export of millions of tons of grain from Ukraine on ships is hardly possible, experts at the Kiel Institute for the World Economy (IfW) are sure. For export of 20 million tons of grain stored in Ukraine about 570 ships would need to be shipped from last year’s harvest, they calculated. “Now grain harvesting is starting again, for which storage is urgently needed, so other transport options, such as trains and trucks, must be fully utilized,” Vincent Stamer, head of IfW’s Kiel Trade Indicator, said on Friday, August 5.
Export of Ukrainian grain across the Black Sea began on August 1
July 22 in Istanbul an agreement with the Russian Federation and Ukraine through the mediation of the UN and Turkey, the purpose of which is to end the blockade of Ukrainian ports. It is assumed that exports will be carried out from three Ukrainian ports – Odessa, Chernomorsk and Yuzhny. The day after the conclusion of the deal, on July 23, the port of Odessa was subjected to rocket fire from the Russian side.
On August 1, the first cargo ship with Ukrainian grain left the port of Odessa, two days later it was checked in Istanbul and headed for Lebanon. On August 5, the Turkish Ministry of Defense reported that three more ships with Ukrainian grain went to sea – dry cargo ships Polarnet and Rojen stationed in Chornomorsk headed, respectively, to Karasu (Turkey) and British Teesport, and Navistar left the port of Odessa with corn intended for landings in Ireland. In total, there are more than 58,000 tons of corn on board these ships.
More than 20 million tons of last year’s harvest are still waiting to be exported, according to Ukrainian authorities. It became impossible due to the blockade of Ukrainian Black Sea ports as a result of Russian invasion of Ukraine.
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Putin’s war in Ukraine and its consequences around the world
Going to the store has become more expensive
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Putin’s war in Ukraine and its consequences around the world
Lines at gas stations in Kenya
The effects of the war in Ukraine are also being felt in Nairobi, where long lines form at gas stations. Fuel is becoming scarce and expensive. The food crisis is exacerbating the situation.
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Putin’s war in Ukraine and its consequences around the world
Rising Bread Prices in Turkey
Russia is one of the world’s largest wheat producers. One of the consequences of the ban on grain exports imposed by the Russian Federation was the rise in bread prices in Turkey. This is a clear example of how international sanctions are disrupting supply chains. Ukraine is one of the largest exporters of wheat. However, in the conditions of war, ships with grain from this country cannot leave the Black Sea ports.
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Putin’s war in Ukraine and its consequences around the world
Rise in wheat prices in Iraq
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Putin’s war in Ukraine and its consequences around the world
Protests in Peru
The photo shows the unrest in the capital of Peru, Lima. The protests there since the beginning of April are aimed, in particular, against the rise in prices for food, fuel and fertilizer, which has been exacerbated by the war in Ukraine. On April 5, President Pedro Castillo was forced to impose a curfew, but canceled it a day later, after which the protests continued.
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Putin’s war in Ukraine and its consequences around the world
Crisis in Sri Lanka
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Putin’s war in Ukraine and its consequences around the world
Scots outraged by rising food and heating prices
There are also demonstrations in Scotland against rising food and energy prices. Trade unions staged protests across the UK to protest the rising cost of living. Brexit has caused prices to rise in many areas of life. The war in Ukraine is expected to exacerbate this effect.
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Putin’s war in Ukraine and its consequences around the world
How much is this fish now?
The British fear for their favorite national dish. About 380 million servings of fish and chips (Fish & Chips) are eaten annually in the kingdom. However, due to tough sanctions, prices for white fish, vegetable oil and energy are now rising. In February 2022, inflation in the UK compared to the same month last year was 6.2%.
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Putin’s war in Ukraine and its consequences around the world
War as a chance for the economy?
A trader in Ibafo, Nigeria packages flour for resale. Nigeria has long wanted to reduce its need for food imports and make its economy more resilient in other areas as well. Can the war be regarded as a chance for the economy? Aliko Dangote, Nigeria’s richest man, recently opened the country’s largest fertilizer plant and is now hoping for demand.
Author: Claudia Den
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