Economy

In January, Ukraine exported a record amount of products since the beginning of the Russian invasion

Ukraine’s First Vice Prime Minister and Minister of Economy Yulia Svyrydenko said that in January this year Ukraine exported a record amount of produce since the beginning of the full-scale invasion, according to

“In January 2024, Ukraine exported 12 million tonnes of products, which is only two million tonnes less than in January 2022. Of these, 8.7 million tonnes were exported by sea,”

– she emphasised.

For the first time, a vessel insured against war risks under the UNITY programme was involved in export operations: the cost of insurance for the vessel is 0.75% of its value.

Svyrydenko expressed optimism about future export volumes.

“The normalisation of the insurance market in trade is a cornerstone element of the resumption of exports of value-added products. Our goal is to reach not only pre-war export volumes, but also higher revenues. This will be possible when Ukrainian exporters are able to freely ship containers by sea. And this will only be possible when the insurance market for maritime transport recovers. That is why it is so important for us that insurance becomes more affordable and is actually used to export Ukrainian products,”

– svyrydenko summed up.

It is also worth noting that since July 2023, Ukraine has continued to use the grain corridor, despite Russia’s withdrawal from the agreement. The Ukrainian authorities are actively using temporary routes to export grain, and as of early January 2024, 15 million tonnes of grain have already been exported.