Ukraine Recap: EU Grain Import Ban Ends; Kim Meets With Shoigu

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Ukraine Recap: EU Grain Import Ban Ends; Kim Meets With Shoigu
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(Bloomberg) -- The European Union ended a ban on Ukrainian crop imports in five of its eastern countries, prompting Poland, Hungary and Slovakia to quickly announce a return to unilateral restrictions. Ukraine last week threatened to file a complaint at the WTO if Poland banned its grain. Meanwhile, Russia is tightening its grip on the world wheat export market after another huge harvest. Most Read from BloombergDisney Talks on ABC Sale Heat Up as Byron Allen Makes OfferApple iPhone 15 Pro Max D

North Korean leader Kim Jong Un capped his visit to Russia - which including a summit with President Vladimir Putin - by viewing next-generation missile systems at an airfield near Vladivostok and meeting with Defense Minister Sergei Shoigu. He’s expected to return to Pyongyang on Saturday. Kim inspected Russia’s Kinzhal missile system, supersonic bombers and the latest weapons on the MiG-31 missile carrier, Russia’s defense ministry said.

Ukraine’s military leaders spoke Friday with US General Christopher Cavoli, NATO’s Supreme Commander for Europe. In a new flurry of activity around Ukraine’s counteroffensive, defense chiefs from NATO nations continue their meeting in Oslo, days before the Ukraine defense contact group is scheduled to meet in Germany and ahead of a planned trip by President Volodymyr Zelenskiy to the US that will include the UN General Assembly and a meeting with President Joe Biden.

The UK defense ministry warned that Russia may again target Ukraine’s energy infrastructure this winter, having built up a “significant stockpile” of cruise missiles fired by strategic bomber, which can be released from deep within Russian territory.

Wheat futures rose above $6 a bushel but remains near multi-month lose as traders balance the impact of dry weather on crops in key exporters against bumper harvests in parts of the Northern Hemisphere, including Russia.Most Read from Bloomberg Businessweek

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