According to British intelligence, Ukrainian ports exported more agricultural products in December 2023 than at any time since Russia invaded Ukraine.
Ukraine continues to increase its agricultural products exports amid the war with Russia
The Ministry of Defense of Great Britain draws attention to the fact that such indicators have become possible thanks to restoring Ukraine's main Black Sea ports and creating a one-way sea export channel.
What is essential to understand is that they managed to exceed even the monthly volumes achieved during the implementation of the Black Sea Grain Initiative with the mediation of the UN and Turkey, which was subject to Russian inspections.
Ukraine achieved this beacauseit has largely prevented the Russian Black Sea Fleet from operating in the western Black Sea, where it held a risk by Ukrainian missiles and uncrewed surface vessels, the department added.
In addition, it is noted that market confidence is supported by a reduction in insurance through the mediation of official London as part of the insurance package Unity Facility.
The news also influenced the situation, and Turkey, Romania, and Bulgaria formed a coalition to clear the Black Sea of mines.
British intelligence officials draw attention to the importance of the export route through the Black Sea both for Ukraine's export earnings, "and as a symbol that both sides are willing to suspend attacks on civilian shipping, paving the way to diminished risks and greater trade for all in the Black Sea."
The economy of Ukraine is gradually recovering
The new UN report published recently said that in 2023, Ukraine's economy steadily withstood the war's unique challenges.
In addition, it is noted that private consumption has increased, and capital expenditure on reconstruction has increased.
This year there is a slight improvement, but it is an improvement on paper because the economy has already contracted and that is very painful, said Shantanu Mukherjee, director of the department's economic analysis and policy division.
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