By Tara Cobham
A Ukrainian grain tycoon and his wife (click here) have been killed today in the 'strongest' Russian shelling of the southern city Mykolaiv so far, according to Ukrainian authorities.
As Moscow continue to pummel the sprawling front line, the home of Oleksiy Vadatursky, 74, and his wife Raisa was reportedly struck by a missile overnight, killing them both.
The leading Ukrainian agricultural magnate was ranked as the country's 24th richest man with a fortune worth $430 million by Forbes.
The businessman owned Nibulon, which is a group involved in grain exports, including building infrastructure for its exportation....
It may be the stability of the grain exporting has to be in question with the death of the owner. It may be that Ukraine will have to nationalize the business for now.
July 29, 2022
By Aine Quinn, Salma El Wardany and Volodymyr Verbyany
Ukraine said it’s close to restarting grain shipments, (click here) although the timing will depend on go-ahead from the United Nations, which helped broker last week’s deal, and there were still few details available about how the process will unfold.
“Our side is fully ready,” Ukrainian President Volodymyr Zelenskiy said in the Odesa region, where he was watching grain being loaded onto a Turkish ship at Chornomorsk port.
Crop markets are watching closely for concrete moves toward unlocking the millions of tons of grain that have been piling up in Ukraine, which is one of the biggest wheat, corn and vegetable-oil suppliers. The war has shaken the food trade and spurred warnings about a global crisis, while the country is under pressure to resume exports to boost its war-devastated economy. Its farmers have also warned they are running out of space to store crops.
UN spokesman Farhan Haq declined to commit to a day when the first ship would leave. A coordination center in Istanbul “is working to establish standard operating procedures, including monitoring and inspection procedures and emergency response procedures,” he said at a briefing. “Once all those elements are place, we’ll start seeing the first movements of ships.”...
By Aine Quinn, Salma El Wardany and Volodymyr Verbyany
Ukraine said it’s close to restarting grain shipments, (click here) although the timing will depend on go-ahead from the United Nations, which helped broker last week’s deal, and there were still few details available about how the process will unfold.
“Our side is fully ready,” Ukrainian President Volodymyr Zelenskiy said in the Odesa region, where he was watching grain being loaded onto a Turkish ship at Chornomorsk port.
Crop markets are watching closely for concrete moves toward unlocking the millions of tons of grain that have been piling up in Ukraine, which is one of the biggest wheat, corn and vegetable-oil suppliers. The war has shaken the food trade and spurred warnings about a global crisis, while the country is under pressure to resume exports to boost its war-devastated economy. Its farmers have also warned they are running out of space to store crops.
UN spokesman Farhan Haq declined to commit to a day when the first ship would leave. A coordination center in Istanbul “is working to establish standard operating procedures, including monitoring and inspection procedures and emergency response procedures,” he said at a briefing. “Once all those elements are place, we’ll start seeing the first movements of ships.”...
The UK has been rather incredible through this entire struggle by Ukraine. Lloyd's was trying to assure the shipping company there would be insurance to protect the shippers' interest. They wanted to reassure shippers there would be no lose of income. I doubt Lloyd's expected the assassination of a grain exporter and his spouse.
The death of Oleksiy Vadatursky is no mistake. His spouse died of collateral damage. They were assassinated.
The Free World has a sophisticated point of view of this war. There is no such vision in Moscow. They are killers and lives in the world mean nothing to them. The redefinition of Russia is alarming. The world needs to live with the truth, not Russian propaganda.
July 29, 2022
By John Konrad and Carolyn Cohn
Lloyd’s of London insurer (click here) Ascot and broker Marsh on Friday launched marine cargo and war insurance for grain and food products moving from Ukrainian Black Sea ports, removing a hurdle to getting shipments underway.
Russia and Ukraine signed a deal last week, brokered by Turkey and the United Nations, to reopen grain and fertiliser exports that have been blocked by war to ease an international food crisis.
U.N. aid chief Martin Griffiths said on Thursday he was hopeful that the first shipment of grain from a Ukrainian Black Sea port could take place as early as Friday, but “crucial” details for the safe passage of vessels were still being worked out.
The Lloyd’s of London facility will provide up to $50 million of cover in marine cargo and war insurance, Lloyd’s, Ascot and Marsh said in a statement.
The cover would “add essential protections to the deal brokered by the UN last week and represents the latest support from Lloyd’s and the insurance industry to help the international community respond to the conflict”, said Patrick Tiernan, chief of markets at Lloyd’s.
Insurers have previously said they were only willing to cover grain moving out of Ukrainian Black Sea ports if there are arrangements for international navy escorts and a clear strategy to deal with sea mines....
