Ukraine conflict has negligible impact on bulk carriers departing Russia
Dry bulk products have largely been exempt from sanction regimes, until now, allowing bulk carrier sailings to continue at near regular levels. The EU’s fresh import bans, however, are likely to accelerate the recalibration of trade flows
Dry bulk products continue to flow out of Russia with no evidence that countries or shipowners are shunning the country on a large scale. The ratcheting-up of sanctions by key trading partners will accelerate trade patterns’ response to the conflict
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