Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Russia attacks Ukraine ports after quitting grains export deal

Published 07/18/2023, 04:19 AM
Updated 07/18/2023, 06:37 PM
© Reuters. A part of a Russian cruise missile Kalibr is seen inside a building damaged during a Russian missile and drone strikes, amid Russia's attack on Ukraine, in Odesa, Ukraine July 18, 2023. Press Service of the the Operational Command South of the Ukrainian A

By Olena Harmash

KYIV (Reuters) -Russia struck Ukrainian ports a day after pulling out of a U.N.-backed deal for safe Black Sea grain exports, and Moscow and Kyiv gave vastly different accounts of fighting in northeastern Ukraine on Tuesday.

Russia said it hit fuel storage in Odesa and a plant making seaborne drones there, as part of "mass revenge strikes" for attacks by Ukraine that knocked out its road bridge to the occupied Crimean Peninsula.

Shortly after the bridge was hit on Monday, Moscow withdrew from the year-old grain agreement, a move the United Nations said risked creating hunger around the world.

At the United Nations on Tuesday, U.N. spokesman Stephane Dujarric said there were a "number of ideas being floated" to help get Ukrainian and Russian grain and fertilizer to global markets. Moscow's decision raised concern primarily in Africa and Asia of rising food prices and hunger.

The Black Sea deal was brokered by the U.N. and Turkey in July last year to combat a global food crisis worsened by Russia's February 2022 invasion of Ukraine and its blockade of Ukrainian ports. The two countries are among the world's top grain exporters.

For Ukraine's part, "we are fighting for global security and for our Ukrainian farmer" and working on options to keep commitments on food supply, President Volodymyr Zelenskiy said in his nightly video address.

Moscow spurned calls from Ukraine to allow shipping to resume without Russian participation, with the Kremlin openly saying ships entering the area without its guarantees would be in danger.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"We're talking about an area that's close to a war zone," Kremlin spokesman Dmitry Peskov said. "Without the appropriate security guarantees, certain risks arise there. So if something is formalised without Russia, these risks should be taken into account."

Russia says it could return to the grain deal, but only if its demands are met for rules to be eased for its own exports of food and fertiliser. Western countries call that an attempt to use leverage over food supplies to force a weakening in financial sanctions, which already allow Russia to sell food.

BLASTS ROCK PORT BUILDINGS

Falling debris and blast waves damaged several homes and unspecified port infrastructure in one of Ukraine's main ports, Odesa, according to Ukraine's southern operational military command. Authorities in Mykolaiv, another port, described a serious fire there.

Ukraine's air force said six Kalibr missiles and 31 out of 36 drones were shot down. Moscow, for its part, said it had foiled a Ukrainian drone strike on Crimea, with no major damage on the ground, and reopened a single lane of road traffic on the Crimea bridge.

Six weeks since Ukraine launched a counteroffensive in the east and south, Russia is mounting a ground offensive of its own in the northeast. Moscow says the Ukrainian assault has failed.

A Russian Defence Ministry spokesman said its forces had advanced by up to 2 km (1.2 miles) in the direction of Kupiansk, an important railway junction in the northeastern Kharkiv region.

But Ukrainian Deputy Defence Minister Hanna Maliar said the initiative in the area had switched to Ukrainian forces.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

She said Ukrainian forces made new gains near Bakhmut in the east, a town that was captured by Russian forces in May after months of battles.

Valery Shershen, a spokesperson for Ukrainian troops on the southern front, reported heavy fighting around the village of Staromayorske. "We have made advances through the streets," Shershen told the Espreso TV online outlet but said Ukrainian forces did not have complete control of the village.

Russian Defence Ministry accounts said Moscow's forces had hit groups of Ukrainian soldiers around Staromayorske.

Reuters could not independently verify the battlefield reports of either side.

Since Ukraine began its counteroffensive last month, its forces equipped with billions of dollars worth of new Western weapons and ammunition have yet to attempt a major breakthrough across heavily defended Russian lines.

The top U.S. general said Ukraine's counteroffensive was far from a failure, but predicted a long haul.

"I think there's a lot of fighting left to go and I'll stay with what we said before: This is going to be long. It's going be hard. It's going to be bloody," General Mark Milley, the chairman of the Joint Chiefs of Staff, told reporters in Washington.

Both sides have endured bitter losses in Europe's bloodiest combat since World War Two, yet front lines have moved only incrementally since last November, despite a Russian winter assault followed by Ukraine's counteroffensive.

Latest comments

Wait… On second thought sending aircraft carriers might be the only thing that could rescue my massive short position lol
If turkey is too afraid of russia to provide military support to ensure grain delivery to the world US should send a few carriers to support the ukrainian ships. Russia would not attack NATO protection
Unless you’re fighting uneducated Muslims in sandals and bathrobes, ships on the ocean, should be thought of as floating coffins…
delusional how? Russia offered to give all Ukraine territory back on a guarantee not to join NATO. sorry facts are delusional for democrats
  That' a flat out lie, showing you're delusional.   You're not even trying.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.