SME Times is powered by   
Search News
Just in:   • 'Nothing changes': Trump says India-US trade deal to remain intact, calls PM Modi a 'great gentleman'  • Tariffs on India to drop to 10 pc temporarily, says White House  • Trump denounces US court's verdict, broadens tariff offensive  • Key takeaways from President Trump's press conference  • Indian stock market posts mild gains this week amid AI-related IT losses 
Last updated: 04 Aug, 2022  

EU.Thmb.jpg EU plans to shore up alternative routes for Ukrainian grain exports

EU.Flag.jpg
   Top Stories
» Indian stock market posts mild gains this week amid AI-related IT losses
» US trade gap widens; India deficit at $58bn
» US court ruling reduces 18 pc reciprocal tariff uncertainty for India
» India AI Impact Summit demonstrates Applied AI success in defence, agriculture
» PM Modi to host global leaders at India AI impact summit tomorrow
IANS | 04 Aug, 2022
Despite the resumption of grain exports from Ukraine's Black Sea ports under a UN and Turkish-brokered deal between Moscow and Kiev, the European Union (EU) intends to continue its efforts to create alternative freight routes for Ukrainian grain exports.

Despite the re-opening of maritime routes, an immediate return to pre-war levels of Ukrainian exports remains challenging and alternative export routes are still crucial, an EU Commission official told dpa news agency.

European Commissioner for Transport Adina Valean stressed that there was "room for improvement", in the alternative routes being worked on, citing a lack of freight wagons, barge operators and storage facilities for Ukrainian produce.

According to the European Commission, Ukraine was the world's largest exporter of sunflower oil, the third largest exporter of rapeseed and barley, the fourth largest exporter of maize, and the fifth largest exporter of wheat before the beginning of Ukraine's invasion by Russia in February.

However, hopes are currently pinned on the agreement with Russia enabling a resumption of regular Ukrainian agricultural exports via the Black Sea.

According to EU figures, before the war, up to 5 million tonnes of grain passed through Ukraine's Black Sea ports each month.

Reaching that level again in the near future is considered highly unlikely, however, with the first ship to leave the port of Odessa under the UN deal carrying just 26,000 tonnes of maize.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.35
89.65
UK Pound
₹125.3
₹121.3
Euro
₹108.5
₹104.85
Japanese Yen ₹58.65 ₹56.8
As on 19 Feb, 2026
  Daily Poll
What is your primary "Make or Break" expectation from the Finance Minister this year?
 The Tax Relief
 The Working Capital Fix
 The Compliance Holiday
 The Payment Shield
 The Tech Subsidy
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter