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US Condemns Russian Strike on Odesa Amid Grain Export Deal

Posted

July 25, 2022

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Wheat jumped after Russia’s weekend attack on the seaport of Odesa, even as Ukraine indicated it is pushing ahead with a deal to begin shipping millions of tons of grain that has been piling up since the invasion.

Friday’s agreement involving Russia and Ukraine aims to facilitate exports from three of Ukraine’s Black Sea ports, including Odesa, and was hailed as a vital step toward alleviating a global food crisis. Ukrainian officials are still preparing to restart sea exports as soon as this week despite the attack. The assault serves as a stark reminder of the risks for shippers and insurers as Russia’s war rages on.

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