Russia Ukraine War Live Updates: Barrage of Russian strikes on key infrastructure, says Ukrainian officials
Russia Ukraine War News Live Updates: Wheat markets have been very sensitive to developments in Moscow's eight month-old invasion of Ukraine, as both countries are among the world's largest wheat exporters.
Ukraine War, Russia-Ukraine War Live Updates: Ukrainian officials on Monday morning reported a massive barrage of Russian strikes on critical infrastructure in Kyiv, Kharkiv and other cities. Part of the Ukrainian capital was cut off from power and water supplies as a result, its mayor Vitali Klitschko said. Officials also reported possible power outages in the cities of Kharkiv and Zaporizhzhia resulting from the strikes. The attack comes two days after Russia accused Ukraine of a drone attack against Russia’s Black Sea Fleet off the coast of the annexed Crimean peninsula, AP reports.
Wheat futures are expected to leap on Monday as Russia’s withdrawal from a Black Sea corridor agreement puts Ukrainian exports at risk, analysts said. Moscow suspended its participation in the Black Sea deal on Saturday, in response to what it called a major Ukrainian drone attack on its fleet in Russian-annexed Crimea. Kyiv said Russia was making an excuse for a prepared exit from the accord while Washington accused Moscow of weaponising food.
NATO on Sunday called on Moscow to urgently renew the UN-brokered deal that enabled Ukraine to resume grain exports via the Black Sea amid a global food crisis. “President Putin must stop weaponising food and end his illegal war on Ukraine,” NATO spokesperson Oana Lungescu said. “We call on Russia to reconsider its decision and renew the deal urgently, enabling food to reach those who need it most.” All NATO allies had welcomed the agreement that came about with the help of Turkey, she noted. Russia announced Saturday that it will suspend its implementation of a U.N.-brokered grain deal with immediate effect that has facilitated more than 9 million tons of grain exported from Ukraine during the war and has brought down soaring global food prices.