Ukraine to insure its ships in the Black Sea

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The Ukrainian government has allocated 20 billion hryvnia (approximately $547 million) for the insurance of ships stationed in the Black Sea. This was expressed by Serhiy Labazyuk, member of the Verkhovna Rada Committee on Agricultural and Land Policy, his words were quoted by the Rada TV channel.

According to the official, this will persuade foreign ship owners to send their ships to Ukrainian ports.

Also, the Financial Times cited Oleksandr Hryban, the former Deputy Minister of Economy of Ukraine. WroteUkraine is completing a plan with world insurers to insure ships to and from Black Sea ports carrying grain.

According to Griban, the insurance plan could be implemented as early as September. This can include up to 30 ships.

Before reportedThe German container ship Joseph Schulte became the first merchant ship to cross the Black Sea from Ukraine after Russia withdrew from the grain deal. His path passed through a new time corridor.

Last ship previously covered by grain agreement left Black Sea.

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