He added that Nibulon never had faith in the Black Sea grain deal and was surprised it had been agreed in the first place. That share has risen to 70%-80% versus the volumes it ships across the Black Sea under the grain deal. He acknowledged that the Danube route where infrastructure is less developed is more expensive than the Black Sea. "We decided to have a more expensive logistics route, but more secure route." If the Black Sea deal ends on July 17, Nibulon would benefit in the short term, he said.

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Persons: Son, KYIV, Oleksiy Vadaturskiy, Andriy, Vadaturskiy, Nibulon, It's, Tom Balmforth, David Evans Organizations: Black, Reuters, European Bank for Reconstruction, IFC, Thomson Locations: Russian, Kyiv ., Russia, Mykolaiv, Dnipro, Ukraine