3 votes

Ukrainian forces strike 21 Russian tankers, 4 tugboats, 2 cargo ships

1 comment

  1. skybrian
    Link
    From the article: [...] [...]

    From the article:

    The Ukrainian Defense Forces carried out a series of large-scale strikes against Russian maritime logistics on Saturday, July 11, hitting 21 oil tankers, four tugboats, and two dry cargo ships in the Sea of Azov.

    [...]

    According to sources cited by Reuters, the Russian Border Guard Service has stopped accepting applications from shipping companies seeking transit through the Kerch Strait and the Don-Azov Canal, effectively freezing commercial navigation between the Black and Azov seas. Russian authorities have not provided a timeline for reopening the strait.

    [...]

    Because the Azov Sea handles up to 25% of Russia’s outbound wheat shipments – with major agricultural hubs in Rostov and Krasnodar situated along its coast – the closure immediately impacted global food markets. Following reports of the shipping restrictions, wheat futures on the Euronext exchange surged by nearly 4%, reaching a six-week high.

    1 vote