Ukraine pauses new grain corridor in the Black Sea: what is known

Ukraine has suspended the temporary grain corridor in the Black Sea for security reasons. An official ban on transportation was introduced on October 26, but in fact, ships have not been sailing for several days due to the increased activity of Russian aviation.

This was reported by the Barva Invest consulting company, citing data from the Ukrainian Sea Ports Authority (USPA). At the same time, there is no official announcement on the USPA website. According to specialized media, the USPA sent such a message directly to market participants working with the temporary grain corridor.

"The de facto suspension has been in effect for the past two days due to the decision of the military... The current ban extends to October 26. However, it may be extended," Barva Invest said.

The information was confirmed by Latifundist's source in the Ministry of Infrastructure. He said that the plans for vessel traffic were not coordinated by the military. "The process looks like this: every day we make a plan for the next day's vessel traffic. Then we coordinate it with the military. It is implemented only after their approval. The traffic was not approved yesterday, and today it is not approved either," he said on October 25.

Barva Invest predicts that world grain prices will go up due to logistical difficulties. "Those market participants who are currently paying out of their own pockets for downtime will lay these risks in their future activities in Ukraine and transfer additional costs down the supply chain," analysts believe.

As reported by OBOZ.UA, on October 25, the spokesperson for the South Command, Natalia Humeniuk, said that Russian tactical aviation had become more active in the area of the sea trade route over the Black Sea. In particular, the Russian occupiers dropped unknown explosives in the Black Sea to impede shipping.

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