Ukraine Explores New Black Sea Route for Grain Shipments

Ukraine is considering using its newly-tested Black Sea export corridor for grain shipments after successfully evacuating a vessel on the route last week. Russia's blockade of Ukrainian ports has prompted Ukraine to establish an alternative "humanitarian corridor" along the sea's western coastline. The country is finalizing a scheme with global insurers to cover grain ships traveling to and from its Black Sea ports. Ukraine has allocated $547 million for ship insurance to attract ship owners to its ports, which have come under fire from Russian forces.