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Astana Finance Days 2026 to bring global investors and financial leaders to Kazakhstan

More than 5,500 participants from over 80 countries are expected to gather in Kazakhstan’s capital on 9-10 September for the ninth Astana Finance Days (AFD) 2026 forum, hosted by the Astana International Financial Centre (AIFC). The forum will bring together investors, representatives of the financial and technology sectors, regulators, government and quasi-state institutions, and international businesses.

Since its launch in 2018, Astana Finance Days has developed into one of the region’s major financial forums, providing a platform for discussions on capital markets, investment and financial cooperation. The 2026 program will focus on capital markets and investment products, regulation and market confidence, institutional innovation, financing the real economy, and regional and cross-border capital cooperation. Confirmed speakers include Minister of Artificial Intelligence and Digital Development Zhaslan Madiyev, National Bank Governor Timur Suleimenov, Association of Financiers of Kazakhstan Chairperson Yelena Bakhmutova and Secretary General of the Organization of Turkic States Kubanychbek Omuraliev.

Representatives from international financial institutions and global companies are also expected to participate, including the Islamic Development Bank Institute, Freedom Holding, Binance, Mastercard, Bloomberg and the Shanghai Stock Exchange. The forum will feature the AFD Exhibition, bringing together financial institutions, banks, investment and asset management companies, as well as fintech and technology projects. According to the AIFC, the event will provide participants with opportunities to discuss global financial trends, explore investment and business opportunities, and establish contacts with investors, company executives and industry leaders.

The forum will also highlight business development opportunities within the AIFC ecosystem, featuring case studies on company growth, capital raising and expansion into international markets. For Kazakhstan, which is seeking to strengthen its position as a financial hub connecting Central Asia with global markets, the forum provides an opportunity to bring global investors and financial institutions into closer contact with the region.

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Conserving seagrass meadows is crucial for ‘blue carbon’ climate strategies

Issue 639: A study shows that seagrass meadows have the capacity to be one of the largest carbon sinks among plant ecosystems, with the Mediterranean holding the highest seagrass biomass carbon stock per hectare.

Seagrass meadows, formed by densely growing flowering plants such as Posidonia, Zostera and Thalassia in shallow waters, are key coastal ecosystems. As well as offering important habitat for marine biodiversity, seagrass plays a crucial role in mitigating climate change through carbon storage.

However, these ecosystems are under threat from coastal development, pollution, eutrophication, and climate change, with implications for global carbon stocks. At EU level, conserving and improving seagrass meadows falls under wider legislation such as the Marine Strategy Framework Directive and Nature Restoration Regulation. The EU has also funded research and innovation projects looking at various threats facing seagrass, and published its Blue Carbon Road Map, which moves towards including ‘blue carbon’ – the carbon stored by coastal vegetation such as seagrasses, tidal marshes, mangroves and seaweeds – in carbon and nature credit schemes (e.g. via the Road Map towards Nature Credits). Additionally, the UN has called for a redoubling of efforts on seascape restoration to maximise the potential of blue carbon for climate change mitigation.

Much research has focused on how seagrass promotes the accumulation of organic carbon in seabed soils, as opposed to in plant material above and below the soil. Its net primary productivity (NPP) – the amount of organic carbon the plants absorb minus their own respiration – also deserves more attention, say the researchers behind a new study looking at the importance of seagrass meadows in global carbon stocks.

To better understand the role of seagrass in carbon cycling, researchers in Spain analysed a 2023 dataset on seagrass meadow structure, biomass and NPP, drawn from a major literature review covering 1975–2020. They supplemented this with their own review of studies containing original data, including previously unidentified sources. They assigned data points to global seagrass bioregions and compared above- and below-ground biomass and NPP across different types of seagrass (genera) and in different regions.

They estimated global seagrass carbon biomass at 24-40 megatonnes (Mt) – among the highest plant organic carbon stocks on Earth – with NPP fixing 83-137 Mt of carbon annually. Both metrics varied widely by area, bioregion and country. The Mediterranean had the highest seagrass biomass carbon stock per hectare, followed by the Tropical Indo-Pacific and Atlantic, while NPP was highest in the Temperate Southern, North Pacific and North Atlantic East bioregions. With this in mind, the Mediterranean offers a significant opportunity to maximise the climate benefit of blue carbon strategies through targeted conservation and restoration measures.

They reported substantial differences between genera in carbon biomass stocks, with the highest, Posidonia, holding 50 times more carbon biomass than Halophila, the lowest. Long-lived, large, and persistent seagrass species within the genera Posidonia, Enhalus and Thalassia predominate in bioregions such as the Mediterranean and the Tropical Atlantic, contributing to higher biomass carbon stocks per hectare compared to bioregions such as the Temperate North Atlantic and Pacific, which are dominated by relatively small opportunistic (Zostera, Cymodocea) or colonising (Halophila, Ruppia) genera. However, regions dominated by more transient species still play a significant role in the carbon cycle as they have exceptionally high NPP, exceeding that of regions with larger overall biomass.

Based on the study’s estimates, Australia has the highest annual CO₂ emissions from seagrass loss, accounting for 52% of the global total – followed by Spain, Mexico, Italy and the United States. Targeted conservation efforts in these countries would therefore have the most notable impact in delivering the greatest CO₂ mitigation.

Meanwhile, although net seagrass losses in the Temperate North Atlantic East region are high, the associated emissions are relatively low due to a) the limited biomass carbon storage capacity of the dominant seagrass types in this region (Zostera), and b) their limited extent compared to other bioregions. Emissions within the Temperate North Pacific and North Atlantic West bioregions were negligible due to the absence of net seagrass meadow loss in these areas.

The results suggest that the biomass of persistent, long-lived seagrasses should be included in carbon accounting (assuming that conservation and restoration actions contribute to maintaining these carbon pools in a steady state condition, so they are not lost). The researchers note that there are challenges to scientists’ ability to ‘measure’ organic carbon stocks, with extreme variation between locations and stocks changing over time – as illustrated by the broad estimates in the research. Despite this limitation, the improved data published in this study could inform new frameworks for climate mitigation through carbon sequestration, with the work providing a 91% increase in seagrass biomass data and adding data from previously underrepresented regions. 

Reference: 

Gomis, E., Strydom, S., Foster, N.R., Montemayor, D., Mateo, M.A., Serrano, E., Inostroza, K., McCallum, R., Lafratta, A., Webster, C.L., O’Dea, C.M., Said, N.E., Dunham, N., Bernasconi, R., Werner, A., Vitelli, F., Puigcorbé, V., D’Cruz, A., Salinas, C., McMahon, K.M., Hyndes, G.A., Lavery, P.S., Pessarrodonoa, A., Duarte, C.M., Serrano, O., 2025. Global estimates of seagrass blue carbon stocks in biomass and net primary production. Nature Communications, 16(1), p.9530. https://www.nature.com/articles/s41467-025-64667-6

To cite this article/service:

'Science for Environment Policy': European Commission DG Environment News Alert Service, edited by the Science Communication Unit, The University of the West of England, Bristol.

Notes on content:

The contents and views included in Science for Environment Policy are based on independent, peer reviewed research and do not necessarily reflect the position of the European Commission. Please note that this article is a summary of only one study. Other studies may come to other conclusions.

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Call for feedback on the energy products omnibus

The Commission adopted a legislative proposal to simplify Regulation (EU) 2017/1369 on Energy Labelling and Regulation (EU) 2020/740 on Tyre Labelling on 24 June 2026 (COM (2026) 565 final). The objective of this proposal is to ensure simpler and more effective implementation of the rules without undermining the original policy objectives that give customers the right to have energy and tyre labels in display at the point of sale. 

This adopted act and its accompanying impact assessment are now open for feedback for a period of 8 weeks until 15 October 2026. All feedback received will be summarised by the European Commission and presented to the European Parliament and Council with the aim of feeding into the legislative debate. 

You can provide your feedback here: Energy-efficient product legislation – Omnibus simplification

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Internal Audit in motion: Keeping pace with a changing Europe

Register for the 2026 Internal Audit Service Conference 

Registration is still open.  Join us on 11 September 2026 in Brussels and experience face‑to‑face networking opportunities with with Europe’s leading internal‑audit professionals.

The European Commission’s Internal Audit Service (IAS) will host its annual conference on 11 September 2026, in Brussels at the Charlemagne building.

This year’s theme is  Internal Audit in Motion: Keeping Pace with a Changing Europe and will feature keynote speakers, three discussion panels, and a TEDx-style session to examine the challenges of internal audit in the public sector within an increasingly complex environment. The programme will cover:

  • The transformation of the EU budget and new MFF 
  • The impact of technology on the future of internal audit work 
  • Organisational culture and adding value via internal audit

The conference is open to all Commission officials as well as external professionals with an interest in internal audit and can be attended in person or online. CPE points will be awarded for participation and registration is free.

The Commission looks forward to welcoming you to an insightful and engaging day of discussions on the future of internal audit in the European Commission.

Programme and registration

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Commission approves €4.5 million German state aid for fishing and aquaculture companies facing increased fuel prices

The European Commission has approved a €4.5 million German state aid scheme for fishing and aquaculture companies facing increased fuel prices due to the Middle East crisis.

The scheme was approved under the Middle East Crisis Temporary State Aid Framework (METSAF) adopted by the Commission on 29 April 2026.

The German scheme

Germany notified to the Commission a €4.5 million scheme to support companies active in the primary production of fishery and aquaculture products. The scheme, which will run until 31 December 2026, aims to mitigate the impact of the increase in fuel prices.

The aid will take the form of direct grants. The scheme concerns the grant of a limited amount of aid based on the increase of fuel prices. The aid intensity corresponds to 70% of the estimated increase in fuel costs for fishery and aquaculture companies during the period from 1 March until 23 July 2026. The aid will not exceed €50,000 per company.

The Commission assessed the scheme under EU State aid rules, in particular Article 107(3)(c) of the Treaty on the Functioning of the EU, which enables member states to support the development of certain economic activities subject to certain conditions, as well as Sections 1 and 2.1 of the METSAF.

The Commission found that the scheme is in line with the conditions set out in the METSAF. In particular, aid will be granted based on a scheme with a clear estimated budget and will be provided to temporarily support the development of companies active in primary production of fishery and aquaculture products. The Commission concluded that the scheme is necessary, appropriate and proportionate to facilitate the development of an economic activity and does not adversely affect trading conditions to an extent contrary to the common interest.

On this basis, the Commission approved the German scheme under EU State aid rules.

Background

On 29 April 2026, the Commission adopted the METSAF to enable member states to support the EU economy in the context of the Middle East crisis. The METSAF is a targeted and temporary framework to address the effects of the crisis on some of the most exposed sectors of the economy: agriculture, fishery, transport and energy-intensive industries. The METSAF will be in place until 31 December 2026. During its period of application, the Commission will keep the content, scope and duration of the framework under review in the light of developments in the Middle East and of the general economic situation.

While the transition towards a clean economy remains the long-term solution to shield EU companies from the effects of global energy shocks, the METSAF allows member states to act immediately to make sure that the growth of the most exposed companies is not irreparably hampered by the current crisis.

To this end, support can take various forms for companies active in the agriculture, fishery and transport sectors. This includes aid based on actual consumption to cover part of the price increases for fuel or fertilisers, and a simplified approach for small amounts of aid.

The METSAF also includes a temporary adjustment to the Clean Industrial Deal State aid Framework allowing for further flexibility and higher aid intensities to address electricity price spikes.

More information on the METSAF can be found online.

For more information

The non-confidential version of today's decision will be made available under case number SA.124349, in the state aid register on the Commission's competition website. New publications of state aid decisions on the internet and in the Official Journal are listed in the Competition Weekly e-News. 

Related topics

Competition

State aid

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Guidance to support preparations for the Digital Batteries Passport

The European Commission has published an updated version of the guidance document to help stakeholders prepare for the implementation of the Digital Batteries Passport under Regulation (EU) 2023/1542 concerning batteries and waste batteries.

The Guidance Document: Digital Batteries Passport – data points by category provides a structured overview of the data points relevant to electric vehicle (EV) batteries, light means of transport (LMT) batteries and industrial batteries covered by the passport requirement. For each battery category, it indicates whether individual data points are mandatory, optional, applicable only in specific circumstances, or do not have to be completed or displayed as of February 2027, when the Batteries Passport requirements will begin to apply. In total, the document brings together 71 data points, showing their legal sources and their applicability to each battery category.

Supporting industry preparations

The guidance is intended primarily for economic operators across the batteries value chain, including manufacturers, importers and other organizations responsible for making information available through the Batteries Passport. It may also be useful for conformity assessment bodies, market surveillance authorities and other stakeholders involved in implementing the Batteries Regulation.

By bringing the relevant data points together in a single document, the guidance aims to promote a common understanding of the Batteries Passport information requirements and a consistent approach across the sector. It can help organisations identify the information they may need to collect, assess and make available, and begin aligning their internal processes, data systems and reporting practices.

From 18 February 2027, each EV battery, each LMT battery and each industrial battery with a capacity greater than 2 kWh that is placed on the market or put into service shall have a battery passport.

How to use the guidance

The guidance should be read together with Regulation (EU) 2023/1542 and any relevant delegated or implementing acts. It does not introduce additional legal requirements and should not be regarded as an authoritative interpretation of the legislation or as representing the European Commission’s official position. The document may be developed further as implementation progresses. Future updates may provide further clarification of individual data points and indicate possible measurement units or reporting formats, supporting greater comparability and consistency.

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Commission clears creation of joint venture by ACS AIID, Telefónica, Banco Santander and SETT

The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by AI Infrastructure Development, S.L. (‘ACS AIID'), Telefónica S.A. (‘Telefónica'), Banco Santander, S.A. and Entidad Pública Empresarial Sociedad Española para la Transformación Tecnológica, E.P.E. (‘SETT'), all of Spain.

The transaction relates primarily to third-party data centre colocation services in Spain and contributes to the EU's tech sovereignty strategy of strengthening and expanding sovereign cloud and AI infrastructure in Europe, as part of the EU's AI Gigafactories Initiative.

The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited market positions resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.

More information is available on the Commission's competition website, in the public case register under the case number M.12498.

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EU economy greenhouse gas emissions: +0.3% in Q1 2026

The EU economy’s seasonally adjusted greenhouse gas emissions in the first quarter of 2026 were estimated at 837 million tonnes of CO2-equivalents (CO2-eq), a 0.3% increase compared with the fourth quarter of 2025 (835 million tonnes of CO2-eq). At the same time, there was no change to the EU’s gross domestic product (GDP) in the first quarter of 2026, compared with the last quarter of 2025. 

The economic sector with the largest increase in greenhouse gas emissions was electricity, gas, steam and air conditioning supply (+4.8%), while households (-1.3%), manufacturing and transportation and storage (both -0.6%) recorded the biggest decreases.

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Source datasets: env_ac_aigg_q and namq_10_gdp

Compared with the first quarter of 2025, emissions went down by 1.2%, while the EU’s GDP increased by 0.8%.

Greenhouse gas emissions decreased in 7 EU countries 

In the first quarter of 2026, seasonally adjusted greenhouse gas emissions increased in 20 EU countries and decreased in 7 countries, compared with the fourth quarter of 2025.

The largest reductions in greenhouse gases were estimated for Slovenia (-5.0%), Luxembourg (-3.8%) and Romania (-2.7%).

The largest increases in greenhouse gas emissions were estimated for Estonia (+9.7%), Finland (+6.4%) and Bulgaria (+4.6%). The increases in these countries are largely due to growing emissions by economic producers in construction and electricity, gas, steam and air conditioning supply.

In the first quarter of 2026, 20 EU countries recorded increases in greenhouse gas emissions, out of which 18 also increased their GDP. 7 countries reduced their greenhouse gas emissions. Out of these, 4 countries recorded a higher or stable GDP.

Click to enlarge

Source datasets: env_ac_aigg_q and namq_10_gdp

This information comes from data on seasonally adjusted quarterly estimates of greenhouse gas emissions by economic activity, published by Eurostat. Quarterly estimates of greenhouse gas emissions complement quarterly socio-economic data, such as GDP or employment.

For more information

Methodological notes

  • Metadata on quarterly greenhouse gas emissions.
  • The data presented here are estimates by Eurostat, except for the Netherlands, Slovenia and Spain which provided their own data.
  • The greenhouse gas emission figures are seasonally adjusted. These adjusted series enable quarter-on-quarter change analyses. Data provided by countries are seasonally adjusted by Eurostat. The GDP figures are seasonally and calendar adjusted. More information on the seasonal adjustment is provided in a technical note. Eurostat’s methodology attributes international transport emissions to individual countries according to the country of residence of the emitting economic producer, following the international System of Environmental-Economic Accounting (SEEA) standard. This is in line with the European System of Accounts used for the GDP and differs from the UNFCCC and the Paris Agreement rules.
  • The EU and the EU countries report annually on their greenhouse gas emissions to the UN. The so-called ‘Kyoto basket’ of greenhouse gases includes carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O) and fluorinated gases. They are expressed in a common unit: CO2-equivalents. EU countries are required to monitor their emissions of these gases for all source sectors based on internationally agreed obligations and rules. The EU greenhouse gas inventory managed by the European Environment Agency covers emissions from 1990 to 2 years before the current year and is submitted to the UN each spring after quality checks. 
  • According to the European Climate Law, the EU’s climate target is to achieve a -55% net reduction by 2030 and climate neutrality by 2050. The European Commission monitors and reports progress towards their GHG emission reduction targets on an annual basis using the inventory data in the Climate Action Progress Report.

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Plan for stronger EU chemical industry

The Commission has presented an action plan for the chemicals industry to strengthen the competitiveness and modernization of this sector.

The action plan addresses key challenges – high energy costs, unfair global competition, and weak demand, while promoting investment in innovation and sustainability. It proposes the following measures

  • Resilience and level playing field: establishing a Critical Chemical Alliance to address the risks of capacity closures in the sector and applying trade defence measures to ensure fair competition
  • Affordable energy and decarbonisation: swiftly implementing the Affordable Energy Action Plan to help reduce high energy and feedstock costs
  • Lead markets and innovation: highlighting fiscal incentives and tax measures to boost demand for clean chemicals
  • Taking action on per- and polyfluoroalkyl substances (PFAS): minimizing PFAS emissions through a robust, science-based restriction, while ensuring continued use in critical applications under strict conditions where no alternatives are available

The plan is accompanied by a simplification package, the so-called 6th Omnibus, to further streamline and simplify key EU chemicals legislation. This includes simplifying hazardous chemical labelling rules, clarifying EU cosmetics regulations, and easing registration for EU fertilising products. These measures should save at least €363 million annually for the industry. 

The EU chemical industry is the 4th largest manufacturing sector, with 29 000 companies providing 1.2 million direct jobs and supporting 19 million across supply chains. The European chemicals industry action plan builds on the Competitiveness Compass and Clean Industrial Deal, while the simplification package delivers on President von der Leyen's commitment to simplify EU laws and cut administrative burdens, helping businesses innovate and grow.

For more information

Press release: Chemicals package

Q&A: Chemicals package

Factsheet: Chemicals package

Action plan Chemicals

Proposal for an Omnibus for the Chemicals Industry

Competitiveness

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Public spending on education stable at 4.7% of GDP

In 2023, public spending on education (from pre-primary to the tertiary level) in the EU accounted for 4.7% of its gross domestic product (GDP). Compared with 2022, this figure did not change; however, it represents a slight decrease of 0.3 percentage points (pp) from 2020 (5.0%), the year with the highest level of public expenditure on education since the data collection started in 2012.

Among the EU countries, the highest level of public expenditure on education relative to the GDP was observed in Sweden (6.8%), followed by Finland (6.3%) and Belgium (6.2%). The lowest levels were registered in Romania (3.0%), Greece (3.3%) and Malta (3.4%).

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Source dataset: educ_uoe_fine06

For more information

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EU ice cream production up almost 2% in 2025

In 2025, the EU produced 3.44 billion litres of ice cream, representing a 1.9% increase compared with 2024 (3.38 billion litres).

Germany remained the top producer of ice cream in the EU, with 608 million litres in 2025. Italy (549 million litres) and France (525 million litres) followed at the top. The list of main producers also included Spain (457 million litres) and Belgium (274 million litres). 

Compared with 2024, all of these 5 EU countries registered an increase in production; +10% for Italy, +6% for Belgium, +4% for France, +2% for Spain and +0.2% for Germany.

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Source dataset: DS-059367

France: top exporter of ice cream in the EU 

In 2025, EU countries exported 289.8 million kg of ice cream to non-EU countries and imported 77.8 million kg. Exports increased by 10% compared with 2024 (+26 million kg), while imports rose by 12% (+8.5 million kg).

As in previous years, France was the largest ice cream exporter in the EU, exporting 59.1 million kg of ice cream to non-EU countries in 2025. This represented a fifth of the total extra-EU ice cream exports (20%). France was followed by Italy (55.2 million kg of ice cream; 19% of EU ice cream exports), Belgium (34.5 million kg; 12%), Germany (29.9 million kg; 10%), and the Netherlands (26.5 million kg; 9%).

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Source dataset: DS-045409

For more information

Methodological notes 

  • Cyprus, Luxembourg and Malta: exempt from providing data on production due to their economic sizes.
  • Production ranking is based on available and non-confidential data. Sold production quantities are confidential for Hungary, the Netherlands, Poland, Portugal, Romania, Slovenia and Sweden.
  • In this news article, production of ice cream is expressed in litres, while imports and exports are expressed in kg.

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Solidarity Lanes: Latest figures – July 2026

In the face of Russia’s war of aggression against Ukraine, the EU, together with Ukraine and Moldova launched the EU-Ukraine Solidarity Lanes in May 2022, establishing new transport routes to keep Ukraine’s imports and exports flowing via rail, road and inland waterways. Today, the EU-Ukraine Solidarity Lanes have become a lifeline for Ukraine’s economy.

In July 2026 the Solidarity Lanes allowed:

  • Around 90% of Ukrainian imports (in comparison to around 10% through the Black Sea)
  • Around 95% of Ukrainian exports of non-agricultural products (in comparison to around 5% through the Black Sea)
  • Around 20% of Ukrainian exports of grain, oilseeds and related products (in comparison to around 80% through the Black Sea)

Ukrainian exports

Since May 2022, the Solidarity Lanes have allowed Ukraine to export ca. 230 million tonnes (Mt) of goods, according to data from the Ukrainian customs registers. Within this amount, it can be estimated that the Solidarity Lanes enabled exports of around 103 million tonnes of Ukrainian agricultural products (including ca. 95 million tonnes of Ukrainian grain, oilseeds and related products) and around 127 million tonnes of non-agricultural goods including ores, steel and related products.

In total, around 255 Mt of Ukrainian grain, oilseeds and related products were exported through the Solidarity Lanes (40%) and the Ukrainian Black Sea ports (60%) since May 2022 [1].

Imports to Ukraine

The Solidarity Lanes also play a crucial role for Ukrainian imports. Since May 2022, they have allowed Ukraine to import ca. 111 Mt of goods, such as fuel, vehicles, fertilisers as well as military and humanitarian assistance.

Value of trade

The total value of trade via the Solidarity Lanes since May 2022 is estimated at around EUR 304 billion, with around EUR 78 billion for Ukrainian exports. The total value of imports to Ukraine is estimated at ca. EUR 226 billion.

Background

Since Russia's full-scale invasion of Ukraine and the blockade of Ukrainian seaports, Ukraine has been unable to export its produce and import what it needs via its usual transport routes.

Against this background, the EU established 'Solidarity Lanes' to ensure Ukraine can export grain, iron ore, steel and other products and to import the goods it needs, from fuel to military and humanitarian assistance, via alternative transport routes: inland waterways, rail and road. The Solidarity Lanes cover trade across all sectors and are an unprecedented cooperation of authorities and businesses in EU Member States, Ukraine and the Republic of Moldova.

The Solidarity Lanes’ work is carried out in close cooperation between the European Commission, concerned authorities and the transport community. The focus is on addressing bottlenecks to enhance the capacity and smooth functioning of the Solidarity Lanes to sustain Ukrainian exports and imports across sectors. This includes measures to improve traffic management and streamlining of border procedures and checks, as well as investments in infrastructure or logistics equipment.

The Solidarity Lanes are also laying the ground for the longer-term connectivity between Ukraine and the EU and will play a key role for Ukraine’s reconstruction and integration in the EU single market.


[1] Between May and July 2022, the Solidarity Lanes were the only option for Ukraine to export its agricultural produce. In August 2022, the UN-brokered Black Sea Grain Initiative (BSGI) helped relaunch grain shipments from Ukraine’s Black Sea ports. In mid-July 2023, Russia terminated its participation in the BSGI, which was consequently discontinued.

In August 2023, Ukraine launched a new Black Sea corridor for trade vessels heading to and from Ukrainian sea ports despite Russia’s withdrawal from the BSGI. Ca. 2.4 Mt of grain, oilseeds and other related products have been exported this way in July 2026.

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