July 22 (Reuters) – Russia and Ukraine signed a landmark deal on Friday to reopen Ukrainian Black Sea ports for grain exports, raising hopes that an international food crisis aggravated by the Russian invasion can be eased.
NEIL ROBERTS, HEAD OF MARINE AND AVIATION DIVISION WITH THE LLOYD’S MARKET ASSOCIATION
“There are a number of underwriters who have expressed an interest in writing this risk and one or two brokers also. It may well be a consortium that is formed.”
“A number of things are still to be resolved and underwriters will need to assess voyages individually.”
MERCY CORPS CHIEF EXECUTIVE OFFICER TJADA D’OYEN MCKENNA
“If respected and enacted in good faith, today’s deal to protect Ukrainian grain exports through the Black Sea will help ease grain shortages, but let’s be clear – this will not end or significantly alter the trajectory of the worsening global food crisis.”