Ukraine Recap: Russia Hits Ukrainian Danube River Grain Storage

A Russian drone attack damaged a Ukrainian grain storage area and a cargo complex near the Danube river, officials in Odesa said, the latest in a string of strikes by Moscow aimed at stopping Kyiv from exporting food.

(Bloomberg) — A Russian drone attack damaged a Ukrainian grain storage area and a cargo complex near the Danube river, officials in Odesa said, the latest in a string of strikes by Moscow aimed at stopping Kyiv from exporting food.

The assault came a day after Ukrainian President Volodymyr Zelenskiy sought help from Balkan leaders to ensure his country’s access to the Black Sea and protect grain shipments. River channels have become increasingly important to shipping the nation’s crops following the collapse of the Black Sea pact last month. 

Russia’s air defense downed military drones near Moscow, Mayor Sergei Sobyanin said in a Telegram post.

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Markets

Wheat futures in Chicago rose 0.6%, heading for a second daily gain. Still, large crops in other major shippers — including Russia itself — have kept prices lower on the year, with prices down about 20% on the year.

Coming Up

  • Ukraine hosts the Crimean Platform, an international summit aimed at putting pressure on Russia over its occupation of Ukrainian territory.

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