Ukraine and Russia said they each fended off attacks by the other involving dozens of drones, hours after President Vladimir Putin vowed to retaliate for blasts that forced the suspension of road and rail traffic across the flagship Kerch Strait bridge that links Russia to Crimea.
(Bloomberg) — Ukraine and Russia said they each fended off attacks by the other involving dozens of drones, hours after President Vladimir Putin vowed to retaliate for blasts that forced the suspension of road and rail traffic across the flagship Kerch Strait bridge that links Russia to Crimea.
Russia’s Defense Ministry said it shot down 28 Ukrainian drones targeting facilities in occupied Crimea and that it had conducted strikes in Odesa and Mykolaiv on a base and manufacturing site for naval drones. Ukraine said it shot down 31 unmanned aerial weapons in those regions and intercepted six Kalibr cruise missiles.Â
Uncertainty over global food prices grew after Russia halted the Black Sea grain deal, closing a crucial export route for Ukraine, one of the world’s top suppliers of wheat and vegetable oils. The bigger risk lies longer term, as fractured and costly logistics could spur Ukrainian farmers to further cut harvests.
Latest CoverageÂ
- Drones Target Crimea After Putin Vows Revenge for Bridge Blast
- Poland and Slovakia Push to Further Extend Ban on Ukraine Grains
- Russia’s Overseas Crude Shipments Slump to a Six-Month Low
- Russia Pulls the Plug on Ukraine Grain Export Agreement
- Putin Vows Response Against Ukraine Over Crimea Bridge Blasts
Markets
Wheat futures steadied in Chicago. Wheat for September delivery fell as much as 1.8% earlier on Tuesday after closing down 1.2% on Monday. Corn and soybeans rose.Â
Coming UpÂ
- Ukrainian Foreign Minister Dmytro Kuleba continues his visit at the United Nations
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