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The military risk in the Black Sea has significantly increased in recent days. A large number of expensive ships do not want to provide quotes for transport of cargo to and from the Black Sea. This is eloquent about the existing risk. Insurance costs have already increased significantly and can reach from millions to tens of millions for a single transport," said Captain Nikolai Hristov, who is a member of the Board of the Bulgarian Association of Ship Brokers and Agents. #ЧерноМоре #икономика #търговия (translated)

The situation in the Black Sea cannot fail to impact the entire economic situation. Our producers will be the most affected because this military risk will be entirely compensated by our producers, who will sell at lower prices," said Christov. #ЧерноМоре #икономика #Лукойл (translated)