Alternative export routes will not compensate Kiev for the collapse of its sea lanes, he added. Insurance risksThe expert described the situation around the Odessa ports not as a blockade per se, but rather as a de facto halt to shipping. "Kiev has not imposed a ban on vessel traffic, and the ports themselves remain formally open. "The bulk of agricultural exports, which remain a crucial source of foreign exchange earnings, passed through the ports of Greater Odessa. Even before the complete shutdown, grain export capacity had shrunk by approximately a third," the expert emphasized.