Black Sea Ship Disruption Costs Crop Exporter Millions A Month

By Kateryna Choursina

(Bloomberg) —Ship inspection holdups that are crippling Ukraine’s Black Sea crop exports have cost major agribusiness Kernel Holding SA $57 million, its chief executive officer said.

Kyiv has accused Moscow of purposefully slowing checks of vessels carrying crops though a safe-corridor. That’s forcing companies to seek alternative river and land routes that are more expensive — something that’s costing Kernel around $5 million a month — CEO Ievgen Osypov said. 

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