The Wall Street JournalThe Wall Street Journal

Ukraine hatches plan to reopen Black Sea grain route, defying Russian blockade

By Anna Hirtenstein and Jared Malsin

23 Aug 2023 · 4 min read

informed Summary

  1. Ukraine is working with global insurers to reopen a key grain-export route in the Black Sea, which has been blockaded by Russia for the past month. The plan would involve the Ukrainian government shouldering the first losses in the event of a damaged grain ship, encouraging more companies to provide insurance for the route.

Kyiv is devising a plan with global insurers to reopen a crucial grain-export route for vessels navigating the Black Sea, a shipping lane blockaded by Russia for the past month.

The Black Sea Grain Initiative had secured the wartime shipment of 32 million tons of food in less than a year until Moscow backed out of the deal in July and escalated attacks on the infrastructure underpinning the Ukrainian grain industry, the country’s economic heart.

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