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Experts: there is no alternative to the grain deal route


August, 16 2023
watermark Economic news

Analyzing the situation around the closure of the grain deal, experts came to the conclusion that to date, no alternative route for the export of Ukrainian grain has yet been found. 


In light of this problem, the United States is trying to negotiate the creation of routes that could replace the one used during the grain deal. One of the potential routes suggests using the Danube River and the ports of Romania.


However, now the way across the Danube does not meet a number of criteria. Firstly, this route can be very slow, and in addition there are many other problems that are currently unsolvable. 


In particular, analysts mention the need to build additional capacities in Bulgaria or Romania, as well as problems with rail transport in Romania. Perhaps all these issues can be resolved in a year and a half, but today such an export route is ineffective.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.