German export credit for emergency export of Ukranian grain

(Mass News, 13 June 2022) The German government is working to expedite the export of Ukrainian grain by rail, with plans being considered to establish a special fund to pay for the project. To facilitate the creation of a “grain bridge” Berlin is mulling setting up a special fund to purchase wagons as well as providing an export credit guarantee to carriers. Additional assistance could be provided to transfer terminals at the Ukrainian border because the country’s railway network uses a broader gauge than neighboring nations. German officials believe up to 10 million tons of grain could be transported out of Ukraine by rail. Ukraine has lost access to most of its ports after Russian forces took control of several regions in the south of Ukraine.