Ukraine Recap: Russia Shifts Tactics as It Targets Grain Trade

Russia used a wider variety of missiles to overwhelm Ukrainian defenses as it intensifies attacks on the country’s grain infrastructure in the Odesa region, President Volodymyr Zelenskiy said, causing more significant damage than previous salvos.

(Bloomberg) — Russia used a wider variety of missiles to overwhelm Ukrainian defenses as it intensifies attacks on the country’s grain infrastructure in the Odesa region, President Volodymyr Zelenskiy said, causing more significant damage than previous salvos.

Russia used Iranian-made Shahed drones to attack Danube River port infrastructure, ruining a grain storage and damaging reservoirs for other cargo storage during the night, the military said. Seven people were injured in the overnight attack, Odesa’s regional governor said on Telegram. 

Romanian Prime Minister Marcel Ciolacu said on Monday that his country will continue to support Ukraine to “identify the best practical solutions to further facilitate the grain exports to global markets.”

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Markets

Wheat in Chicago rose over 5% on Monday, extending gains after rising 5.4% last week, in response to Russia’s fresh missile barrage against Odesa over the weekend. It was the largest in a string of almost daily strikes on the Black Sea port city after Moscow pulled out of an agreement allowing Ukrainian crop exports.

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