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UKRAINE- Ukrainian officials say that Russia continues to block the recently renewed Black Sea Grain Initiative by halting the registration of ships to all Ukrainian ports, according to a Reuters report. According to the UN, only 33 ships departed from Ukrainian ports in May, half the number compared to April. Moreover, the average daily inspection rate for ships had fallen…
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EUROPE- Leading a consortium of top industry and research partners working in the blue economy sector, the Submariner Network recently launched a major innovation project to develop, test and scale up new sustainable products from algae. The AlgaeProBANOS project will be funded by the European Union’s Horizon Europe programme and will span four years, with a budget of over €12…
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BELGIUM- European Commission president, Ursula von der Leyen, plans to offer a package worth 100 million euros (US$109.32 million) to support EU farmers after Central European countries restricted imports of Ukrainian cereals that depressed their domestic market prices. Citing a European Commission spokesperson, Reuters reported that the pressure to develop an EU-wide solution intensified after Poland, Hungary, and Slovakia announced…
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HUNGARY- The European Union has criticized Hungary’s intention to follow Poland in banning Ukrainian food imports, saying that the unilateral moves were “unacceptable” and trade policies of this kind were a matter of “E.U. exclusive competence.” In its statement, the EU insists that “in such challenging times, it is crucial to coordinate and align all decisions within the EU” and…
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POLAND – Poland is asking the European Union to do whatever it takes to restrict how much Ukrainian grain enters the EU market, as the country faces angry farmers protesting depressed grain prices caused by cheaper imports. Noting the difficulties that local markets are facing in Poland, the Prime Minister Mateusz Morawiecki said that the EU would offer financial compensation…
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