Russian strikes have halted operations at a major oil exporter in the Odesa region: a statement from Allseeds
24 July 10:52
The Allseeds Group, one of Ukraine’s largest producers and exporters of vegetable oil, has suspended its operations in the Odesa region. The decision was made due to a sharp deterioration in the security situation and intensified Russian attacks on the region’s port and logistics infrastructure.
This is stated in an official announcement by Allseeds, which the company published on Facebook, according to "Komersant Ukrainian"
The company explained that continuing operations under current conditions poses extremely high risks to employees and production facilities. The duration of the suspension has not yet been specified.
Why Allseeds Suspended Operations in the Odesa Region
The main reason for the decision was the intensification of Russian missile and drone strikes on port, industrial, and logistics facilities in the Odesa region.
The company emphasized that, given the current level of threat, continuing operations poses unacceptable risks to the lives and health of its employees.
“Continuing operations under current conditions poses extremely high risks to the lives and safety of the company’s employees, as well as to the company’s facilities,” Allseeds said in a statement.
The suspension of operations is intended to help preserve the company’s production assets, infrastructure, and operational capacity. This will enable the company to resume operations once the security situation stabilizes.
The company promises to carry out all procedures in accordance with Ukrainian law. Allseeds also thanked its employees, partners, and customers for their cooperation and support during this full-scale war.
The company did not specify a date for the resumption of operations. The statement suggests that the decision will depend on the future security situation in the Odesa region.
What is known about the Allseeds plant in the Port of Pivdennyi
Allseeds owns a large, multicultural oil extraction plant and a terminal in the Port of Pivdennyi in the Odesa region.
According to information on the company’s website, the facility can process the following per day:
- up to 2,400 metric tons of sunflower seeds;
- up to 1,800 metric tons of rapeseed;
- up to 1,500 metric tons of soybeans.
The Allseeds terminal has a transshipment capacity of up to 1 million metric tons of vegetable oil per year. Prior to the full-scale invasion, its share accounted for approximately 16% of Ukraine’s total vegetable oil exports.
The company also handles oilseed meal and other dry bulk cargoes. Its location in a deep-water port provides the company with access to major maritime export routes.
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Russia has already attacked the Allseeds terminal
The company’s production and logistics facilities have previously been targeted by Russian strikes. In particular, the Allseeds Black Sea vegetable oil terminal was damaged during an attack on the port of Pivdennyi.
The intensification of shelling on port infrastructure poses risks not only to individual companies. The entire agricultural export chain is under threat—from the procurement of raw materials and processing to storage, transshipment, and loading of products onto ships.
According to Reuters, in 2026, Russia significantly increased the intensity of its strikes on Ukrainian ports. Over the first four months, more than 800 drones were used in the attacks—more than ten times as many as during the same period in 2025. Since the start of the full-scale war, more than 900 port facilities and 177 civilian vessels have been damaged or partially destroyed.
What are the financial results of “Olsids Black Sea”?
According to the results for 2025, Olsids Black Sea LLC’s revenue amounted to approximately 6.34 billion UAH. A year earlier, the company generated about 5.82 billion UAH in revenue.
At the same time, the company ended 2025 with a loss of 133.8 million UAH. However, this loss was smaller than in 2024, when the net loss amounted to about 215.6 million UAH.
The company’s financial indicators are available in the open data from OpenDataBot and the YouControl analytical system.
Ukrainian Ports Increased Cargo Transshipment
Despite regular shelling, Ukrainian seaports handled 42.4 million metric tons of cargo during the first half of 2026. During the same period in 2025, this figure stood at approximately 40 million metric tons.
Agricultural products accounted for the bulk of the cargo flow— 23.6 million metric tons. Their transshipment increased by approximately 20% year-over-year.
These figures were released by the Ukrainian Sea Ports Authority.
However, the intensifying Russian attacks are already affecting the operations of exporters, terminals, and shipowners. According to Reuters, Ukraine has lost about one-third of its maritime grain export capacity, and some large terminals have suspended the purchase or shipment of products.
More than 90% of Ukraine’s agricultural exports pass through ports in the Odesa region, so disruptions to their operations pose risks to foreign exchange earnings and global food security.
Maersk has suspended shipments through the terminal in Chornomorsk
The international container shipping company Maersk has also announced a temporary suspension of service through the Chornomorsk Fishing Port.
Important clarification: This decision specifically concerns service through the Chornomorsk Fishing Port, not all Ukrainian ports or all of Maersk’s operations in Ukraine.
Import containers that were to be unloaded in Chornomorsk are being rerouted to Constanta, Romania. For export cargo, the company has offered to cancel bookings or change the port of loading.
Attacks on ships have increased risks for exports
The situation surrounding the Ukrainian maritime corridor has escalated following a series of Russian strikes on civilian merchant ships.
According to the UN, on July 19, a merchant ship flying the flag of Guinea-Bissau, which was leaving a port near Odesa, was struck by cruise missiles. Ten people were reported killed, including at least eight crew members, and seven others were injured.
The UN monitoring mission noted that this incident was not an isolated one: dozens of seafarers have been killed as a result of recent attacks on civilian shipping.
Following the intensification of shelling, some shipowners have begun to reschedule or cancel bookings to call at Ukrainian Black Sea ports. This is occurring at the start of the new marketing season and during the peak harvest period.
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