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Ukraine to Guarantee Insurance Payouts to Cargo Ships Damaged at Its Danube Ports

April 1, 2022


Ukraine, a major producer of grain, oilseeds and steel products, will guarantee insurance payments to cargo vessels damaged in hostilities on its stretch of the Danube, according to the government decision published on Friday.

Ukraine exports almost all its commodities through Black Sea ports now blocked due to the Russian invasion.

The Danube, the second-longest river in Europe, flows through eight countries from the mountains of western Germany to Ukraine and the Black Sea.

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