As the ‘grain deal’ hangs by a thread, Ukraine looks to another export route
Before the full-scale war, the three Danube ports handled up to five percent of Ukraine's exports, and now, five times as much
The war and extremely limited logistics have brought to the fore three small ports on the Danube river. Reni, Izmail, and Ust-Dunaisk have attracted unprecedented investor interest, including from such large agricultural companies as Andriy Verevskyi's Kernel and Andriy Vadaturskyy's Nibulon.
What are they betting on? And will the Danube be able to pull off Ukrainian exports in the face of Russia’s sea blockade and bans on Ukrainian agriculture from Eastern EU countries?
Russia's naval blockade
Before Russia's full-scale invasion, more than 70 percent of Ukraine’s exports – and up to 90 percent of its agricultural exports – were maritime. By last mid-summer, Ukraine’s access to the sea was completely blocked.
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