Ukraine launched an attack in the southeastern Zaporizhzhia region that analysts said appears to have broken through Russian defensive positions, although the fog of war is obscuring the extent of the advance.
(Bloomberg) — Ukraine launched an attack in the southeastern Zaporizhzhia region that analysts said appears to have broken through Russian defensive positions, although the fog of war is obscuring the extent of the advance.
President Volodymyr Zelenskiy bolstered the reports that a major thrust was underway in the counteroffensive that Ukraine launched more than seven weeks ago, saying “our boys at the front had very good results today. Well done! Details later.”
Wheat prices rose after Ukraine said a Russian submarine fired two Kalibr cruise missiles at port infrastructure in Odesa, killing one person and damaging equipment at a cargo terminal. A reduced list of attendees at a summit with African leaders hosted by President Vladimir Putin in St. Petersburg also highlighted the Kremlin’s diminishing power as his war drags on.
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Markets
Wheat futures in Chicago rose as much as 1.5% to $7.31 a bushel, before trading at $7.2975 by 2:12 p.m. Singapore time. Russia’s Federal Security Service also said it denied passage through the Kerch Strait to a grain ship coming from Turkey after finding traces of explosives on board, according to the RIA news service.
Coming Up
- Russia Defense Minister Sergei Shoigu visits North Korea
- Ukrainian Foreign Minister Dmytro Kuleba is in Africa this week to discuss the collapse of the grain deal
- Russia-Africa summit opens in St. Petersburg
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