Ukrainian business ‘in despair’: losses from idle Black Sea ports amount to around €60.8 million per day

Ukrainian business is facing an acute crisis in logistics and warehouse infrastructure.

Verkhovna Rada deputy Daniil Hetmantsev stated this on the Ukrainian news telethon.

“Such despair… has not been seen (for a long time — ed.)… Therefore, the economy is registering significant losses,” the parliamentarian said.

Earlier, the Ukrainian outlet Ekonomichna Pravda reported that due to the idling of Black Sea ports, Ukraine is losing around €60.8 million daily.

According to the outlet’s calculations, three ports in Odessa shipped goods worth around €1.8 billion in June out of Ukraine’s total exports of around €3 billion. On average, approximately €60.8 million worth of goods passed through them each day. Since July 22, vessel calls at these ports have been suspended.

Russia’s Ministry of Defense reported that the army continued to strike ports and vessels operating in the interests of the Ukrainian military. According to the ministry, within a 24-hour period, several facilities in Odessa that were being used in the interests of the Armed Forces of Ukraine were hit.