Egypt will conclude a new contract with Ukraine for the supply of grain due to the fact that the Ukrainian side was unable to fulfill contractual obligations in March-April this year as a result of the blockade of ports by Russian troops.
This was stated by the First Vice-President of the Ukrainian Chamber of Commerce and Industry Mykhailo Nepran on the Hromadske TV channel, Ukrinform reports.
“The media spread information that Egypt refused Ukrainian grain, but this is not true,” Nepran explained the situation.
According to the grain traders themselves, as well as the Ukrainian ambassador to Egypt, Mykola Nagorny, in reality, everything is not so, the expert says.
“The Egyptian side officially assured the Ambassador of Ukraine Nagorny that it does not refuse cooperation with Ukraine, that they understand the situation with the blocking of ports, and Egypt is ready to work with Ukraine and buy grain in the future,” the Vice President of the TPPU said.
Nepran called the decision to terminate the previous contract civilized.
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“Indeed, the contract was signed. However, the Ukrainian side, due to the blockade of ports, could not fulfill it in a timely manner. It turned out that the agreement did not provide for a clause on the existence of force majeure. Therefore, a civilized decision was made at the legislative level – to close the contract that cannot be fulfilled and open a new one, according to which the purchase will be made, ”summed up the Vice President of the TPPU.
Egypt’s General Directorate for the Supply of Goods (GASC) terminated agreements for the supply of 240 thousand tons of Ukrainian wheat, which were signed before the full-scale invasion of Russia. This was reported by Reuters on July 27, citing sources.