Breaking News
Investing Pro 0
⏰ React to the Market Faster with Custom, Real-Time News Get Started

Russian strikes kill Ukrainian grain tycoon; drone hits Russian naval base

World Jul 31, 2022 09:15PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
4/4 © Reuters. Firefighters work at a site of a professional college that was heavily damaged by a Russian missile strike, as Russia's attack on Ukraine continues, in Kharkiv, Ukraine July 30, 2022. REUTERS/Sofiia Gatilova 2/4
 
TWTR
+0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Natalia Zinets

KYIV (Reuters) -Russian missiles pounded the southern Ukrainian port city of Mykolaiv on Sunday, killing the owner of a major grain exporter, while a drone strike on Russia's Black Sea naval base in Sevastopol was launched from within the city in a "terrorist attack," a Russian lawmaker said.

Oleksiy Vadatursky, founder and owner of agriculture company Nibulon, and his wife were killed in their home, Mykolaiv Governor Vitaliy Kim said on Telegram.

Headquartered in Mykolaiv, a strategically important city that borders the mostly Russian-occupied Kherson region, Nibulon specializes in the production and export of wheat, barley and corn, and has its own fleet and shipyard.

Mykolaiv's Mayor Oleksandr Senkevych described the more than 12 missile strikes as "probably the most powerful on the city in five months of war, hitting homes and schools, with at least three others wounded. On Sunday evening he reported that strikes had resumed, but no information on casualties or damage was available.

In Russian-occupied Sevastopol, five Russian navy staff members were injured by an explosion after a presumed drone flew into the courtyard of Russia's Black Sea fleet , the Crimean port city's governor, Mikhail Razvozhayev told Russian media.

He blamed the attack on Ukraine, saying it had decided to "spoil Navy Day for us."

Reuters could not independently verify the battlefield reports.

But Olga Kovitidi, a member of Russia's upper house of parliament, told the Russian RIA news agency that the attack was "undoubtedly carried out not from outside, but from the territory of Sevastopol."

"Urgent search operations are being conducted in the city to track down the organisers of this terrorist act. They will be found by the evening," Kovitidi was quoted as saying.

The Sevastopol attack coincided with Russia's Navy Day, which President Vladimir Putin marked by announcing that the navy would receive what he called "formidable" hypersonic Zircon cruise missiles in coming months. The missiles can travel at nine times the speed of sound, outrunning air defenses.

Putin did not mention the conflict in Ukraine during a speech after signing a new naval doctrine which cast the United States as Russia's main rival and set out Russia's global maritime ambitions for crucial areas such as the Arctic and in the Black Sea.

GRAIN TYCOON 'GREAT LOSS'

Ukrainian President Volodymyr Zelenskiy described the death of grain tycoon Vadatursky, as "a great loss for all of Ukraine". Zelenskiy added that the businessman -- one of Ukraine's richest with Forbes estimating his 2021 net worth at $430 million -- had been building a modern grain market with a network of transhipment terminals and elevators.

"It is these people, these companies, precisely the south of Ukraine, which has guaranteed the world's food security," Zelenskiy said in his nightly address. "This was always so. And it will be so once again."

He added that Ukraine's social and industrial potential, "our people, our capabilities, are surely more powerful than any Russian missiles or shells."

Elsewhere in Ukraine, Russian forces shelled the Sumy northern border seven times, with more than 90 individual strikes, the Sumy Governor Dmytro Zhyvjtsky said on his Telegram channel. A farm was damaged and 25 hectares (61.8 acres) of wheatfields were destroyed, he said.

Up to 50 Grad rockets hit residential areas in the southern city of Nikopol on Sunday morning, Dnipropetrovsk Governor Valentyn Reznichenko wrote on Telegram. One person was wounded.

Putin sent tens of thousands of troops over the border on Feb. 24, setting off a conflict that has killed thousands, uprooted millions and deeply strained relations between Russia and the West.

The biggest conflict in Europe since World War Two has also stoked an energy and food crisis that is shaking the global economy. Both Ukraine and Russia are leading suppliers of grain.

HARVEST COULD BE HALVED

Zelenskiy also said on Sunday the country may harvest only half its usual amount this year due to the invasion.

"Ukrainian harvest this year is under the threat to be twice less," suggesting half as much as usual, Zelenskiy wrote in English on Twitter (NYSE:TWTR). "Our main goal — to prevent global food crisis caused by Russian invasion. Still grains find a way to be delivered alternatively," he added.

Ukraine has struggled to get its product to buyers via its Black Sea ports because of the war.

But an agreement signed under the stewardship of the United Nations and Turkey on July 22 provides for safe passage for ships carrying grain out of three southern Ukrainian ports.

There is a high possibility that the first grain-exporting ship will leave Ukraine's ports on Monday, a spokesperson for Turkish President Tayyip Erdogan said on Sunday.

EASTERN DANGER

Zelenskiy said on Sunday that Russia has been transferring some forces from the eastern Donbas region to the southern Kherson and Zaporizhizhya regions.

"But that won't help them there. None of the Russian strikes will go unanswered by our military and intelligence officers," he added.

But Zelenskiy said on Saturday that hundreds of thousands of people were still exposed to fierce fighting in the Donbas region, which contains Donetsk and Luhansk provinces and which Russia seeks to control completely. Swathes of the Donbas were held before the invasion by Russian-backed separatists.

Russia said on Sunday it had invited U.N. and Red Cross experts to probe the deaths of dozens of Ukrainian prisoners held by Moscow-backed separatists.

Ukraine and Russia have traded accusations over a missile strike or explosion early on Friday that appeared to have killed the Ukrainian prisoners of war in the front-line town of Olenivka in eastern Donetsk.

The International Committee of the Red Cross (ICRC) on Sunday condemned the attack and said it had not yet received permission to visit the site, while adding it was not its mandate to publicly investigate alleged war crimes.

Russian strikes kill Ukrainian grain tycoon; drone hits Russian naval base
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (11)
mark johnson
mark johnson Aug 01, 2022 1:36AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
And you know that Ukrainian POWs would be put in a spot likely to be bombed and Russia would say, “oops. We didn’t know that they would get bombed imprisoned next to our fuel depot”.
First Last
First Last Aug 01, 2022 1:36AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Those pows were n't bombed by Ukraine.  The pictures released so far suggest it was not caused by himar's high explosive munition, but by incendiary munition.
mark johnson
mark johnson Jul 31, 2022 8:40PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
All civilized countries should Bomb Russia with real sized drones—Reapers etc, not play around with little drones—-until they stop choking our food supply of WEAT. From Ukraine
michel Le havre
michel Le havre Jul 31, 2022 8:40PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
cool it.  An eye for an eye will only make the whole world blind
Peter Andersen
Peter Andersen Jul 31, 2022 8:40PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Good point but but does it work
Adamo Nals
Adamo Nals Jul 31, 2022 7:12PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
And I will tell you for a fact that WTI is going to $150 a barrel easy. It is just common sense and math. We have no business a trading 4150 on the S&P. That’s a joke. Talk to me when we are at 3000 or less. Here is the factual math. $205 a share times 14 X equals 2870 on the S&P 500. So we are 1400 points almost overvalued. On top of being in the housing bubble complete market bubble, and super bubble extraordinaire across-the-board. All you want to do is buy as much energy exposure as you can and puts on the market indices
michel Le havre
michel Le havre Jul 31, 2022 7:12PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Dont be bearish just cos you sold your stock and wants to buy it back at a lower price. You are angry and mad as hell you lost or miss out on the profitable stock trade up.  Take it easy.    You are just one opinion and if it is correct stock will move down.  so far you are wrong and you have to face it.  You are wrong.  not just on stocks but on oil,  on housing and almost everything  you have  traded this year.  there is no shame. i am also in the same boat as you but I can admit i was and still am wrong.
Adamo Nals
Adamo Nals Jul 31, 2022 7:11PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I don’t think any of you understand that with this war that will last for years. All of Europe being cut off from energy. Food especially wheat and grains being cut in half, this new stupid bill Biden is pushing. We are going to have hyperinflation for years and years to come. That is what the market has yet to price in or understand. Because they just cannot ACCEPT reality. It’s too real for them. So Wall Street would rather live in the printing money world 0% rates. But reality is the market is in a super bubble about to *******up
Sylvia Doloff
Sylvia Doloff Jul 31, 2022 6:06PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
putin must be eliminated whatveill the China Taiwan War do to our stock market
Martin Babei
Martin Babei Jul 31, 2022 3:32PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Ok. Now my hatred starts shifting to any and all Russians. For letting this murders take place by their leader. Time to give Ukraine some nukes or bomb Russia back to the middel ages.
jason xx
jason xx Jul 31, 2022 1:31PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
If grain shipments are stopped The US and Royal Navy must sink the Russian fleet in the black sea. Remove the threat to global famine. it's the only way.
Benjamin USA
Benjamin USA Jul 31, 2022 11:05AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Russian mir is a sickness
Peter Andersen
Peter Andersen Jul 31, 2022 11:05AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
They do what they want Nato have to step up or close it
jason xx
jason xx Jul 31, 2022 6:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Nato needs to intervene asap to drive Russian forces out of Ukraine period. Anything less is shameful negligence.
Kris Jay
Kris Jay Jul 31, 2022 6:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Uraine is not a NATO country.  But agree somewhat we could show a bit more force as Russia is struggling in Ukraine its not like they really want to deal with a war with NATO.  If Nato could communicate that we will not cross into Russia, so there is no threat to Russian sovereignty but we will push you out of Ukraine it could be a way to end this quickly without escalating to nuclear.
Peter Andersen
Peter Andersen Jul 31, 2022 6:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Grain importer and family destroyed to easy for Russia, ukraine and nato have to step up
Peter Andersen
Peter Andersen Jul 31, 2022 5:57AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Misile from jinxing
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email