Ukrainian grain exports have plummeted. Kyiv wants a truce in the Black Sea.

Ukraine proposes to Russia to halt attacks on civilian ships. Find out how the situation affects grain trade.

Ukraine has proposed to Russia a mutual cessation of attacks on civilian ships and objects in the Black Sea. According to Reuters, the offer was conveyed to Moscow through a third country. The reason is the sharp escalation of hostilities, which are increasingly hitting ports, shipping, and grain exports. The situation is not only significant for Ukraine and Russia – the Black Sea remains one of the key routes for global trade in agricultural products. As reported by Reuters, Kyiv had proposed a mutual cessation of attacks on civilian targets in the Black Sea. The offer was transmitted to Russia not directly, but through an intermediary – a third country. The proposal came at a time when both sides intensified actions targeting ports and shipping. The attacks increase the risk for shipowners, raise the costs of transport and insurance of ships, and hinder grain trade. On August 12, Ukraine attacked the Russian port of Novorossiysk – one of the most important export ports on the ...