Unblocking the ports will give Ukraine an additional 18 billion dollars in foreign exchange earnings
Unblocking Ukrainian ports will speed up the recovery of Ukraine's economy and make it possible to raise an additional 18 billion dollars in foreign exchange earnings.
This is written by TTS with reference to the information of the Federation of Employers of Ukraine.
Due to the blocking of the cargo turnover of the ports of Ukraine in 2022, it was reduced by 60%, and this is a drop in GDP, non-payment of taxes and loss of foreign exchange earnings. Thanks to the complete unblocking of the ports, the country will receive 135 billion additional tax revenues per year and plus 10% of GDP.
It would also make it possible to restore 0.5 million lost jobs.
In particular, the unblocking of ports will contribute to the restoration of the workload of ports and logistics operators, the removal of restrictions and the reduction of the cost of logistics in agriculture, the restoration of the export of chemical products and the increase of the export of non-ferrous metallurgy.
In February 2022, the Russian Federation declared the northwestern part of the Black Sea an area for conducting a "special military operation", blocking the maritime logistics of Ukraine, thus violating 9 international conventions on the law of the sea. In particular, by blocking the sea lanes, the aggressor country made it practically impossible for the freedom of navigation in the specified areas and the ability of ships to freely enter the seaports of Ukraine, especially in the Sea of Azov, which is a direct violation of the UN Convention on the Law of the Sea of 1982.
In addition, the Russian Federation limits the export of agricultural products within the framework of the "grain agreement", delaying the inspection of ships in the Bosphorus.
Ukraine has repeatedly demanded the restoration of free trade navigation in the Black Sea. Long before March 18, when the term of the grain agreement was supposed to expire, the process of negotiations was launched with the partners of the initiative - the UN and Turkey - regarding its terms and conditions of extension. The Ukrainian side planned to extend the deadline for at least a year. The Deputy Minister of Community Development, Territories and Infrastructure Yurii Vaskov noted that the availability of Ukrainian grain on world markets affects prices and supports global food security.
"We draw the attention of the international community that blocking commercial shipping even in wartime is a gross violation of international conventions, of which Ukraine is a party. We once again call on the International Maritime Organization of the United Nations, which is the guarantor of the safety of world shipping, to do everything possible and restore commercial shipping in the Black Sea," he emphasized.
Also, Ukrainian business and the authorities emphasize that it is critically necessary not only to continue the initiative under the previous conditions, but also to fully open commercial shipping in Chornoto the sea
As long as there is a full-scale war on the territory of Ukraine, the aggressor country continues to earn money, strengthen its economy and thus continue to finance the war against Ukraine. This situation is unfair. "I believe that the rules of the game should be the same for all its participants. Is shipping free for everyone, or are the requirements the same - inspections, a special procedure for registering ships, equal participation of representatives of all states in this bureaucracy", - notes co-owner of the TIS terminals group Andriy Stavnitser .