Russian forces struck the Odesa region in southwestern Ukraine overnight with drones, the regional governor said, damaging a port and industrial infrastructure including a grain silo. Wheat and corn prices surged.
(Bloomberg) — Russian forces struck the Odesa region in southwestern Ukraine overnight with drones, the regional governor said, damaging a port and industrial infrastructure including a grain silo. Wheat and corn prices surged.
Video posted on social media showed images indicating the attack was at the Danube port of Izmail, 15 kilometers (9 miles) from Ukraine’s border with Romania. Romanian media also reported the port had been hit. The footage couldn’t be independently confirmed, and Ukraine’s Infrastructure Ministry and Romania’s Defense Ministry declined to comment.
“Russian terrorists again were attacking ports, grain, global food security,” President Volodymyr Zelenskiy said in a statement. “The world has to react. When civilian ports are targets, when terrorists deliberately destroy even silos — this is a threat to everyone on all continents. Russia can be and must be stopped.”
Latest Coverage
- Ukraine’s Izmail Port Hit in Russian Drone Attack, Reports Say
- Ukraine Says Russia Targeted Odesa Region Port Infrastructure
- South Africa Seeks to Persuade Russia to Revive Grain Deal
- Battlefield Missiles Hurt Russia More Than Moscow Drone Attacks
- Russia Says Ukrainian Drone Hit Moscow Tower Again in New Attack
Markets
Wheat futures in Chicago jumped 4.8% to $6.835 a bushel by 1:27 p.m. in Singapore. Corn rose 2.6%. Russia has previously attacked ports in the Odesa region and on the Danube river in a bid to disrupt Ukraine’s exports. The surge in prices ended a decline in wheat prices, which had fallen to their lowest level in two weeks as Ukraine continued to explore alternative grain export routes.
More stories like this are available on bloomberg.com
©2023 Bloomberg L.P.