Ukrainian iron ore pellet maker Ferrexpo says further Russian military action has reduced its ability to export cargo by ship.
The London-listed company said a Russian missile strike in southwest Ukraine has reduced its ability to use its barging operations that serve its European customers.
Due to the closure of Ukraine’s Black Sea ports, Ferrexpo has had to divert all its iron ore pellet sales to European markets via Ukraine’s diverse railway network, as well as via barges.
