"Russia's Aggression in Ukraine Sends Shockwaves Through Grain Markets"

1 min read
Source: Reuters
"Russia's Aggression in Ukraine Sends Shockwaves Through Grain Markets"
Photo: Reuters
TL;DR Summary

Russia continues its air strikes on Ukrainian ports, damaging homes and the Chinese consulate in Odesa, and issuing threats against Ukraine-bound vessels in the Black Sea. The United States warns that Moscow might attack ships at sea following its withdrawal from a U.N.-brokered deal to let Ukraine export grain, causing global grain prices to soar. Moscow claims it will not participate in the grain deal without better terms for its own food and fertilizer sales, while the United Nations warns that Russia's decision threatens food security for the world's poorest people. The escalating conflict also sees Russia releasing new mines into the sea and Ukraine receiving cluster munitions.

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