NEWS
Crimea Annexation Won't Affect Exports
Wed Mar 19, 2014 07:39 AM CDT

(Dow Jones) -- The annexation of the Crimean peninsula is unlikely to have a negative impact on the export of grain by Ukraine, the agriculture ministry said Wednesday.

On Tuesday, Russian President Vladimir Putin ordered the approval of a draft agreement on Russia's annexation of Crimea.

But the ministry said ports on the mainland would easily compensate for the loss in throughput capacity caused by the annexation. Grain exports via the Crimea accounted for only about 7% of Ukraine's total grain export, the ministry said.

The country's mainland ports--Odessa, Ilyichevsk and Nikolaev--are currently handling on average 94,000-95,000 metric tons of ...

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