United to win: Britain allocates $155 mln to safeguard ships from Russian attacks in Black Sea

The UK has pledged an extra £120 million (around $155 million) to strengthen the Coalition for Maritime Capabilities' safeguarding of the Black Sea Grain Corridor.

The government of Great Britain stated that.

According to an announcement by the UK government, London is actively looking for partners to help finance the supply of hundreds of extra maritime drones and surveillance radars to secure the corridor.

"The UK is at the forefront of work to protect the Black Sea Maritime Corridor," the statement reads.

Great Britain and Norway led the Coalition for Maritime Capabilities, which provided Ukraine with the necessary naval resources.

Both countries allocated 100 million pounds for joint financing of projects related to supplying weapons and military equipment for Ukraine's armed forces. These supplies include:

• sea ​​drones,
• all-terrain vehicles,
• boats for raid operations,
• anti-ship missiles,
• other types of weapons.

For reference:

In August 2023, Ukraine announced a "humanitarian corridor" to free ships bound for African and Asian markets and to bypass Russia's de facto blockade after Moscow abandoned an agreement that guaranteed its exports during the war.

The Navy of Ukraine's armed forces announced the opening of a temporary corridor for use by all civilian vessels, especially those currently in the ports of Odesa.

Furthermore, the Ukrainian government has implemented a new system for insuring ships against war-related risks, which has resulted in a significant decrease in insurance costs for transport companies engaged in importing and exporting goods by sea to and from Ukraine.

Ukraine's President, Volodymyr Zelensky, recently announced that over 70 million tons of cargo have been transported through the country's export sea corridor within the first year of operation. This accounts for more than 2,500 ships that have departed from Ukrainian ports.

As of October 2024, the Ukrainian Maritime Corridor has been operational, and the ports of Odesa have already handled 75 million tons of cargo, including 50.1 million tons of products from Ukrainian farmers.