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Davos 2023: Ukraine wants to add steel to the "grain deal", says Svyrydenko

Author
Kira Ivanova

Ukraine calls for expanding the "grain deal" to include the possibility to export steel and steel products from sea ports.

On January 18 in Davos, Ukraine's First Deputy Prime Minister and Minister of Economy, Yuliia Svyrydenko, spoke with Bloomberg about lifting the blockade on exports from Ukrainian ports.

Quote"It’s essential for us to add more ports, to enlarge export volumes," Svyrydenko said.

She believes that after the end of the active phase of the war and further opening of sea ports, Ukraine’s GDP can stop falling and instead increase by 3% in 2023.

Quote"We will focus on building more storage for agricultural goods, but what we need to do from a strategic point of view is open sea ports. It’s not just about agriculture, it’s about steel," the minister said.

Bloomberg recalls that because of the Russian aggression, the blockade of sea ports, and a falloff of key exports (including metal products), Ukraine’s economy shrank by 30.2% last year, although there were pessimistic forecasts of a 50% GDP contraction.

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War in Ukraine