Montreal Port Project Backed Sees Cost Rise to $1.7 Billion
(Bloomberg) — The cost of a new Port of Montreal terminal that Canadian Prime Minister Mark Carney says is in the national interest has soared to C$2.3 billion ($1.7 billion),...
KYIV, Nov 23 (Reuters) – Russian drone and missile attacks have damaged 321 Ukrainian port infrastructure facilities since July last year, President Volodymyr Zelenskiy said on Saturday.
Twenty merchant ships belonging to other countries were also damaged by Russian strikes, he added.
“Overall, Ukrainian food exports provide food for 400 million people in 100 countries around the world,” Zelenskiy said. “Food prices in Egypt, Libya, Nigeria, and other countries in Africa directly depend on whether farmers and agricultural companies in Ukraine can operate normally.”
Moscow has repeatedly denied that it attacks civilian targets.
Ukraine is a major global wheat and corn grower and before the Russian invasion it exported about 6 million tons of grain per month via the Black Sea.
When Russia launched its invasion in February 2022, it blockaded Ukraine’s Black Sea ports. Shipments were resumed in July 2022 under the Black Sea Grain Initiative, a deal mediated by the United Nations and Turkey. But a year later Russia exited the agreement.
Since then, Ukraine has exported grain and other food products using its own corridor, which passes through the territorial waters of Romania, Bulgaria and Turkey.
Ukraine’s grain exports in the 2024/25 July-June season totaled almost 16 million metric tons by the middle of November, up from about 11 million tons in the same period a year ago, data from traders and the government showed.
Ukraine’s grain exports in the 2023/24 marketing season rose to about 51 million tons from 49.2 million tons the previous year.
(Reporting by Olena Harmash; editing by Giles Elgood)
(c) Copyright Thomson Reuters 2024.
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