Ukraine is finalising a scheme with global insurers to cover grain ships travelling to and from its Black Sea ports, a vital step in the country’s attempts to create a safe corridor for exports after Russia withdrew from a UN-brokered deal last month.
Oleksandr Gryban, Ukraine’s deputy economy minister, told the Financial Times that the deal was “currently being pursued and actively discussed” between the relevant ministries, as well as local banks and international insurance groups including Lloyd’s of London.
The scheme could be put in place as early as next month, and could see as many as five to 30 ships covered to travel through what he described as the “danger spot” of Ukrainian waters.
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