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Ukraine hits Russia's Novorossiysk port, grain terminals
CNBC • • world
Key Points:
- Ukraine launched a heavy drone assault on Russian warships and major grain export terminals in Novorossiysk, resulting in three deaths and 24 injuries, including an eight-year-old child.
- President Zelenskyy declared the operation a success, targeting multiple Russian naval vessels and facilities that finance the war, though he did not specifically mention grain terminals.
- The attack damaged Russian grain trading companies, prompting Russia to seek alternative export routes via the Baltic and Caspian Seas and land corridors.
- Russia accused Ukraine of provoking global food market chaos, blaming Western countries for exacerbating grain and fertilizer shortages and driving up food prices.
- The conflict has disrupted wheat exports from both Russia and Ukraine, contributing to rising global prices, while Russia has increased missile strikes on Ukrainian cities amid Kyiv's missile defense challenges.
