Ukraine nears deal with global insurers to cover grain ships

Ukraine is finalising a scheme with global insurers to cover grain ships travelling to and from its Black Sea ports, the Financial Times reported on Monday citing Ukraine’s Deputy Economy Minister Oleksandr Gryban.

Merchant ships backed up in Black Sea lanes

Gryban told the newspaper the deal was “currently being pursued and actively discussed” between the relevant ministries, as well as domestic banks and international insurance groups including Lloyd’s of London.