Russia Deprived Ukrainian Ports of Ore Transit

The five largest seaports of Ukraine in January 2021 sharply reduced cargo transshipment. In general, cargo turnover fell by 22.9%, or by 2.78 million tons – to 9.35 million tons.

According to the Seaports Administration of Ukraine, the most significant contribution to this was made by the real collapse of ore transit, which in the first month of this year decreased by almost 16-fold, compared to January 2020.

The drop in ore transit to 343,750 occurred due to the fact that the Russian company “Metalloinvest” stopped the supply of ore from the Mikhalovsky Mining and Processing Plant (Zheleznogorsk, Kursk region) through the port of Yuzhny (Odessa region).

Now the raw materials from this enterprise are supplied through the Ultramar terminal in the port of Ust-Luga (Leningrad Region of the Russian Federation), which started operating in October 2020.

Ore is the last thing Russia exported through Ukraine. There are 4 years left until the complete stop of gas transit, although it has been reduced to a minimum of 40 billion cubic meters.

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