Last night, Ukraine and Russia exchanged a series of strikes on each other's key grain facilities, causing a sharp rise in wheat prices. This is reported by Bloomberg, according to UNN.
Details
Russia and Ukraine attacked each other's key grain export points overnight after shipping through the Sea of Azov was disrupted the previous day, causing a sharp rise in wheat prices. Ukraine attacked four vessels using drones in the Taganrog Bay of the Sea of Azov following a strike on the area on Friday that disrupted shipping through a key export corridor. Among the vessels was a tanker carrying methanol, although there was no threat of a spill or leak. As a result of the attack, a sailor died on board one of the vessels
It is reported that wheat prices rose as traders weighed potential delivery disruptions following the attacks in Ukraine.
As the publication notes, ports on the Sea of Azov are not typically used for loading Russian crude oil for export; tankers there mostly transport petroleum products to occupied Crimea and adjacent areas, where fuel shortages have become common this summer.
Also today, Russian troops struck Kyiv overnight, injuring 11 people in the capital of Ukraine. This was part of a barrage of 120 drones and 12 missiles across several regions.
Among the targets was Ukraine's Odesa region, including the Black Sea ports of Odesa and Chornomorsk, as well as Izmail on the Danube River, Russia's Defense Ministry said in a statement, claiming the target was war-related infrastructure.
Odesa and Chornomorsk are key hubs for grain shipments from Ukraine, while Izmail became an export center after Russia's full-scale invasion disrupted traditional shipping routes. Kremlin forces struck the area with cruise missiles targeting port infrastructure
Recall
On the night of July 11, units of the Ukrainian Defense Forces struck 21 Russian tankers in the waters of the Sea of Azov. The operation was carried out as part of reducing the military-economic potential of the Russian Federation.