Government accepts USPA

This development not only renews economic activity but also reflects a broader shift in the geopolitical landscape of the Black Sea region.

While Ukraine has managed to expand throughput via its sea harbours to 75% of pre-war levels, further growth is hindered by reduced production volumes.

The first ship to use Ukraine’s newly-established humanitarian shipping corridor has left the blockaded Port of Odessa

Kyiv estimates the losses of its transport infrastructure from the devastating war waged by Moscow in Ukraine at around US$100B; Moscow accused of stealing export grain

Maersk has stopped all vessel operations in Russia and service with Belarus and is “winding down” its domestic operations in both countries. It booked a US$718M financial impact from the Ukraine war in Q1 2022

Russia’s invasion of Ukraine has incentivised Poland to accelerate completion of the canal in the Vistula Spit to create new maritime access for the Port of Elblag, and consign to history the need to use Russian waters at Baltiysk (Kaliningrad).