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Grain Supplies Threatened as Ukraine Conflict Shuts Down Ports

No damage to ports reported after Russian forces invade Ukraine

PIXABAY
PIXABAY

Ukraine's military has suspended operations at its ports after Russian forces invaded the country by land and sea, an adviser to the president's chief of staff said on Thursday, as concerns grew about the flow of supplies from one of the world's top exporters of grains and oilseeds.

According to a report at Reuters, Russia had earlier suspended movement of commercial vessels in the Azov sea until further notice, but kept Russian ports in the Black Sea open for navigation, its officials and five grain industry sources said.

"The market is still struggling to get a clear picture about the actual military situation on the ground. The ports in the Azov and Black Sea so far seem not to have been damaged according to the initial shipping agency reports," one European grain trader told Reuters.

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