Ukraines Zelenskiy says first grain ship nothing, economy in coma & More News

NewsUpdate – UPDATED: Ukraine’s Zelenskiy says first grain ship ‘nothing’, economy in coma.

KYIV/ISTANBUL, Aug 3 (Reuters) – Ukrainian President Volodymr Zelenskiy dismissed the importance of the first grain export shipment from his country since Russia invaded, saying it was carrying a fraction of the crop Kyiv must sell to help salvage its shattered economy.

His downbeat comments, via video to students in Australia on Wednesday, came as an inspection of the ship was completed in Turkey before it continues to its final destination in Lebanon under a deal aimed at easing a global food crisis. 

The ship, Razoni, departed from Ukraine’s Odesa port on the Black Sea early on Monday carrying 26,527 tonnes of corn to Lebanon’s Tripoli. It followed a U.N.-brokered grain and fertiliser export agreement between Moscow and Kyiv last month – a rare diplomatic breakthrough in a drawn-out war of attrition.

“Just recently, thanks to the UN in partnership with Turkey, we had a first ship with the delivery of grain, but it’s still nothing. But we hope it’s a tendency that will continue,” he told the students.

He said Ukraine had to export a minimum 10 million tonnes of grain to urgently help bring down its budget deficit which was running at $5 billion a month.

A senior Turkish official said three ships could leave Ukrainian ports daily after the Razoni’s departure, while Ukraine’s infrastructure minister said 17 more ships had been loaded with agricultural produce and were waiting to set sail.

Known as Europe’s breadbasket, Ukraine hopes to export 20 million tonnes of grain held in silos and 40 million tonnes from the harvest now underway, initially from Odesa and nearby Pivdennyi and Chornomorsk.

Russia, which blockaded Ukraine’s ports after beginning on Feb. 24 what it called “a special military operation”, has said it wants to see more done to facilitate the exports of its own grain and fertilisers. But it has hailed the departure of the first grain ship from Ukraine as positive.

It has denied responsibility for the food crisis, saying sanctions by the West, which regards the war as an unprovoked imperial-style Russian land grab, have slowed its exports.