Russia strikes Ukrainian port near Romanian border, sending grain prices higher
main inland port across the Danube River from Romania on Wednesday, sending global food prices higher as it ramps up its use of force to reimpose a blockade.
There were no reports of casualties, Odesa region governor Oleh Kiper wrote in a post on the Telegram messaging app. Chicago wheat prices jumped four per cent following Wednesday’s attack and were still up around 2.5% later in the morning, with traders worried anew about a hit to global supplies from driving Ukraine, one of the world’s top exporters, off the market.Russia has relentlessly attacked Ukrainian agricultural and port infrastructure for more than two weeks, since refusing to extend an agreement that had lifted its war-time blockade of Ukrainian ports last year.
Kyiv says the goal of the strikes is to reimpose Russia’s blockade by persuading shippers and their insurance companies that Ukrainian ports are unsafe to resume exports.
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