

Please try another search
(Bloomberg) -- Blockaded ports in Ukraine are threatening global food security, as the country struggles to reroute grain shipments due to bottlenecks caused by Russia’s invasion, according to Ukrainian officials.
Most of Ukraine’s ports have been shut since the war erupted, limiting its grain exports to rail and road routes via neighboring European Union nations. That has curtailed shipments to 1.1 million tons in April, versus about 5 million tons a month in normal times.
“We have no major alternative to sea transport,” Deputy Economy Minister Taras Kachka said during an online conference on Friday. Rerouting cargoes would take years to organize, and the European Union’s infrastructure currently isn’t set up to handle a massive redirection over land routes, he added.
Ukraine, one of the world’s largest grain exporters, is a key supplier to nations from Europe to Africa and Asia. The war has caused a massive backlog. Kachka said a solution, would need need the assistance of allies including the US, is needed quickly to avoid compromising global food security.
Poland’s Gdansk port and Romania’s Constanta are already overcrowded with supplies from Ukraine as supplies are re-routed, according to Mustafa Nayyem, Ukraine’s deputy minister of infrastructure. Fuel trucks are struggling with clogged checkpoints at the EU border, said Nayyem, who is part of the government’s team helping the country secure supplies after Russia bombed its refineries and depots.
©2022 Bloomberg L.P.
By Josh Smith SEOUL (Reuters) - The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say,...
By Jane Lanhee Lee WASHINGTON D.C (Reuters) - A severe semiconductor shortage has resulted in record wire fraud cases last year reported by desperate buyers, a company that tracks...
LOS ANGELES (Reuters) - Talks to reach a new contract with union workers at West Coast shipping ports before the existing deal expires this week are going well with no major...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.