Russians have problems with stolen Ukrainian grain. Grain lingers in ports and blocks exports.
Russia has difficulty exporting grain due to overcrowded ports. A significant portion of the remaining grain is Ukrainian grain stolen from the country’s occupied territories.
Include exports
According to Bloomberg, Russia shipped 4.4 million tons of wheat in July, which is a record monthly value and accounts for nearly 60 percent of the total. above average. The US government noted that the Russian Federation started the export season with the largest stocks of wheat in three decades.
At the same time, some terminals on the Sea of Azov stopped accepting grain due to a lack of available storage capacity. Currently, smaller Russian ports on the Sea of Azov are busier than the main grain port of Novorossiysk on the Black Sea.
According to SovEcon, sales in Russia have fallen in recent weeks due to “bottlenecks” caused by the processing of large quantities of grain.
It should be noted that normally ships sailing from the ports of the Sea of Azov unload onto larger ships in the Kerch Strait passing through the Black Sea, but navigation through the strait is restricted for safety reasons. In addition, after the attack on a Russian tanker, some shipowners can enter Russian ports with more caution.
Theft of Ukrainian grain
The Russians have problems selling stolen Ukrainian grain, so they try to pass it off as their own. Most countries refuse to buy grain if there is evidence that it comes from Crimea. However, according to the mass media, the stolen grain ends up in Turkey and Syria. It can also reach Africa.
On August 8, 2023, it was reported that serious problems with grain exports began in Russia. Russia has started actively chartering ships from small shipowners with whom larger traders do not cooperate.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
