Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict
Italy has banned Russian ships from entering its ports in line with the sanctions imposed on Russia by the European Union in the wake of Moscow’s military incursion of the Ukraine conflict.
The ban, which has become effective from 17 April, is also be applied to vessels that have been reflagged after 24 February, reported ANSA.
The sanction imposed on Russian vessels was revealed in a General Command’s document of the Italian Port Authorities.
According to the document, Russian ships currently in Italian ports will have to leave immediately from the Italian harbours after “the completion of their commercial activities.”
Meanwhile, Ukraine Farm Minister Mykola Solskyi noted that a part of around 1.25 million tonnes of grains and oilseeds on board commercial vessels, which have been stranded at its seaports because of the Russian invasion, may degrade in the near future, reported Reuters.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
The country exported most of the grains and oilseeds to other countries through seaports, but now due to the conflict, it is seeking new routes due to the closure of ports.
Ukraine exported around six million tonnes of grains and oilseeds per month before the war, but currently it has dropped to 200,000 tonnes, reported newspaper Ukrayinska Pravda citing Solskyi.
Solsky said: “It (the cargo) is not unloaded, and is still on vessels. There are currently 57 vessels with 1.25 million tonnes of grain and oilseeds.
“As for the retention period, I think that even the captains themselves in most cases do not know if there are any problems with this. They certainly did not plan to keep this grain on the ships for a long time.”