Ukraine reduces transshipment through Danube ports 16% in Q1

MOSCOW. April 18 (Interfax) - Cargo handling in Ukraine's Danube ports decreased 16.4% in January-March 2024 YoY to 5.6 million tonnes.

As Ukrainian media reported, citing a statement from Deputy Prime Minister for the Restoration of Ukraine - Minister for Communities, Territories and Infrastructure Development, Alexander Kubrakov, made at the partnership forum between Ukraine and the United States, this includes 4 million tonnes of goods exported through the Danube ports.

Foreign markets received almost 40 million tonnes of cargo via the sea corridor since August 2023, including 26 million tonnes of grain, he said.

In addition, he said that the US Export-Import Bank had previously approved a loan of $156.6 million for the purchase of 40 diesel locomotives for Ukraine Railways (Ukrzaliznytsia).