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You're reading: EU sanctions slash Ukraine maize exports to Iran (updated)
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Ukrainian and European traders said this week they were no longer booking cargoes on Iranian ships to transport grain exports from Ukraine because of difficulties with payments following European Union sanctions.

As news of the drop in maize exports to Iran emerged, Ukraine’s farm minister said grain traders were in talks with Iran to save a valuable market. The ex-Soviet republic is a top maize producer and exporter in the Black sea region.

"Talks are underway with Iran on the issues which have emerged. Today, grain traders are holding consultations (with Iranian traders) but it is important for us to avoid losing this market and other markets too," Ukraine’s grain traders’ union UZA quoted the minister, Mykola Prysyazhnyuk, on Friday as saying.

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