Due to Russia 's war against Ukraine and conflicts in the Black Sea, the economies of all countries whose goods are exported from ports are in distress. Some companies refuse to work with the Russian Federation due to sanctions, while others fear entering the unsafe zone where Russian troops have already fired or captured several merchant ships.
New sanctions
A few weeks before the start of the military conflict, Russia tried to prevent Ukraine from using the Black Sea for commercial purposes. After the outbreak of a full-scale war, the navigation of cargo ships in the Black Sea became unsafe.
Russia seized Ukrainian merchant ships, opened fire on a Turkish ship leaving Odessa and bound for Romania.
After that, carriers began to refrain from entering not only Ukrainian ports, but also Russian ones. There was information that the shipping company Maersk has suspended all container traffic in the Russian Federation. The same decisions were taken by Japan's Ocean Network Express, Germany's Hapag Lloyd and Swiss MSC.
In addition, Turkey banned the passage of Russian and Ukrainian warships to the Black Sea. In response, Russia increased its military presence in the waters.
Therefore, maritime trade suffers. Experts are already comparing the situation with the closure of the Suez Canal last year.
“It is extremely difficult to calculate the damage. A possible blockage of the waters does not mean that ships will never be able to follow their normal course again. "This is somewhat similar to the situation with the Suez Canal, which was blocked last year," TeleTrade analyst Sergei Rodler explains to Segodnya.
And these are not the last sanctions against the Russian Federation at sea. The British government decided to ban the ships belonging to the Russian Federation from entering the ports of the country. In addition, Spain invited all EU countries to close their ports to Russian ships.
Troubles from Ukraine
The expert says that at the moment the operator hopes to end the conflict as soon as possible and continues to try to organize flights in the Black Sea.
“It seems that companies do not believe that hostilities will last long, and if you look at shipping maps, it seems that ships continue to arrive at the ports of Romania, Turkey, Bulgaria, Georgia and Russia. The Montreux Convention implies precisely the closure of the passage of warships. However it may sound, a regional military conflict is unlikely to really paralyze trade in the region,” Rodler continues.
But for Ukraine, a blockade of maritime navigation can be quite expensive. In order to convert conventional sea routes to land routes, it will be necessary to replace the logistics with a more expensive route.
Sergey Rodler, "60% of Ukrainian exports are through Black Sea ports, so it would be foolish to deny the damage done to Ukraine. In case of long-term closure of Ukrainian ports, the loss can exceed 10 million dollars per day." above. We wrote earlier about the huge Russian queues at ATMs. Read here how the SWIFT disconnect will affect the Russian economy.
New sanctions
A few weeks before the start of the military conflict, Russia tried to prevent Ukraine from using the Black Sea for commercial purposes. After the outbreak of a full-scale war, the navigation of cargo ships in the Black Sea became unsafe.
Russia seized Ukrainian merchant ships, opened fire on a Turkish ship leaving Odessa and bound for Romania.
After that, carriers began to refrain from entering not only Ukrainian ports, but also Russian ones. There was information that the shipping company Maersk has suspended all container traffic in the Russian Federation. The same decisions were taken by Japan's Ocean Network Express, Germany's Hapag Lloyd and Swiss MSC.
In addition, Turkey banned the passage of Russian and Ukrainian warships to the Black Sea. In response, Russia increased its military presence in the waters.
Therefore, maritime trade suffers. Experts are already comparing the situation with the closure of the Suez Canal last year.
“It is extremely difficult to calculate the damage. A possible blockage of the waters does not mean that ships will never be able to follow their normal course again. "This is somewhat similar to the situation with the Suez Canal, which was blocked last year," TeleTrade analyst Sergei Rodler explains to Segodnya.
And these are not the last sanctions against the Russian Federation at sea. The British government decided to ban the ships belonging to the Russian Federation from entering the ports of the country. In addition, Spain invited all EU countries to close their ports to Russian ships.
Troubles from Ukraine
The expert says that at the moment the operator hopes to end the conflict as soon as possible and continues to try to organize flights in the Black Sea.
“It seems that companies do not believe that hostilities will last long, and if you look at shipping maps, it seems that ships continue to arrive at the ports of Romania, Turkey, Bulgaria, Georgia and Russia. The Montreux Convention implies precisely the closure of the passage of warships. However it may sound, a regional military conflict is unlikely to really paralyze trade in the region,” Rodler continues.
But for Ukraine, a blockade of maritime navigation can be quite expensive. In order to convert conventional sea routes to land routes, it will be necessary to replace the logistics with a more expensive route.
Sergey Rodler, "60% of Ukrainian exports are through Black Sea ports, so it would be foolish to deny the damage done to Ukraine. In case of long-term closure of Ukrainian ports, the loss can exceed 10 million dollars per day." above.