International

Ukraine is imposing tighter controls over grain traders

Ukraine has decided to impose stricter controls on grain and oilseed traders to boost its revenues as part of wartime defense funding. The government in Kiev will require exporters to obtain licenses or to provide tax records from before the Russian invasion in an attempt to eliminate shell companies and better collect taxes, a Ukrainian official told Bloomberg.

This decision could further complicate deliveries from the country's ports on the Danube and the Black Sea, notes the cited source. After Russia withdrew in July from the agreement that allowed the export of Ukrainian grain through a safe maritime corridor, Ukraine organized a "humanitarian corridor" to bypass the blockade on its Black Sea ports.

According to officials and sources in the shipping sector, around 1.5 million tons of goods have been exported through this corridor so far through 40 ships.

Viorica Rusica

Viorica Rusica

Author

Read more