MARITIME TRADE DISRUPTED: THE WAR IN UKRAINE AND ITS EFFECTS ON MARITIME TRADE LOGISTICS

On 28 June, a report from the UN Conference on Trade and Development (UNCTAD) says that the war in the Ukraine is stifling trade and logistics of Ukraine and the Black Sea region.  The search for alternate trade routes for Ukrainian goods has rapidly increased the demands on land and maritime transport infrastructure and services.  Grain prices and shipping costs have been on the rise since 2020, but the war in Ukraine has exacerbated this trend and reversed a temporary decline in shipping prices.  It says that increased costs imply higher prices for consumers and threaten to widen the poverty gap.

https://unctad.org/system/files/official-document/osginf2022d2_en.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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