Make a Living ClubMake a Living Club
  • Home
  • News
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • More
    • Economy
    • Politics
    • Real Estate
Trending Now

Macquarie Value Fund Q3 2025 Sales And Purchases

December 7, 2025

Fed expected to cut rates despite deep divisions over US economic outlook

December 7, 2025

Box Q3: Limited Alpha Ahead (NYSE:BOX)

December 5, 2025

John Wiley & Sons, Inc. (WLY) Q2 2026 Earnings Call Transcript

December 4, 2025

General Motors Company (GM) Presents at UBS Global Industrials and Transportation Conference Transcript

December 3, 2025

Verizon: Not A Value Trap, The Math Works (NYSE:VZ)

December 2, 2025
Facebook Twitter Instagram
  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact
Facebook Twitter Instagram
Make a Living ClubMake a Living Club
  • Home
  • News
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • More
    • Economy
    • Politics
    • Real Estate
Sign Up for News & Alerts
Make a Living ClubMake a Living Club
Home » Russia warns against any ships traveling to Ukraine from Thursday
Commodities

Russia warns against any ships traveling to Ukraine from Thursday

Press RoomBy Press RoomJuly 20, 2023
Facebook Twitter Pinterest LinkedIn WhatsApp Email

MOSCOW/LONDON (Reuters) -Russia warned that from Thursday any ships traveling to Ukraine’s Black Sea ports will be seen as possibly carrying military cargoes, after Ukraine said it was setting up a temporary shipping route to try and continue its grain exports.

The moves by both countries on Wednesday came just days after Russia quit a deal – brokered by the United Nations and Turkey – that allowed the safe Black Sea export of Ukraine grain for the past year, and revoked guarantees of safe navigation.

Ukraine has made clear that it wants to try and continue its Black Sea grain shipments and told the U.N. shipping agency, the International Maritime Organization (IMO), that it had “decided to establish on a temporary basis a recommended maritime route.”

But Russia’s Defence Ministry then said it would deem all ships travelling to Ukraine to be potentially carrying military cargo and “the flag countries of such ships will be considered parties to the Ukrainian conflict”.

In a statement on the Telegram messaging app, it said the move would start at midnight Moscow time (2100 GMT Wednesday).

The Defence Ministry did not say what actions it might take.

Russia was also declaring southeastern and northwestern parts of the Black Sea’s international waters to be temporarily unsafe for navigation, the ministry said, without giving details about the parts of the sea which would be affected.

“It underscores that we’re trying to work and continue to work in what is effectively a warzone,” U.N. spokesperson Stephane Dujarric said on Wednesday when asked about the Russian warning.

Ukraine accused Russia on Wednesday of damaging grain export infrastructure in “hellish” overnight strikes focused on two of its Black Sea ports.

“In the ports that were attacked today, there was about a million tonnes of food stored. It is precisely that amount that should already have been delivered to consumer countries in Africa and Asia,” Ukrainian President Volodymyr Zelenskiy said in his nightly video address on Wednesday.

He said the terminal damaged the most held 60,000 tonnes of agricultural products intended for shipment to China.

Russian President Vladimir Putin on Wednesday accused Western countries of perverting the Black Sea grain deal for their own means, but said Russia would immediately return to the agreement if all its demands regarding its own exports were met.

‘GLOBAL HUNGER’

Insurers were already reviewing their appetite for covering ships into Ukraine.

A cargo insurance facility providing cover for Ukraine grain shipments traveling under the Black Sea deal has been suspended, the policy’s broker told Reuters on Tuesday. The marine cargo and war facility provided cover of up to $50 million per cargo.

Norwegian shipping insurance group DNK, which provides war risk policies, told Reuters on Wednesday it was currently unable to provide cover for Ukraine.

The U.N. said on Tuesday there are a “number of ideas being floated” to help get Ukrainian and Russian grain and fertilizer to global markets after Moscow quit the Black Sea deal.

The Black Sea pact was brokered to combat a global food crisis worsened by Russia’s February 2022 invasion of Ukraine. Ukraine and Russia are among the world’s top grain exporters.

Russia’s withdrawal on Monday also effectively ended a pact between the U.N. and Moscow in which U.N. officials agreed to help Russian food and fertilizer exports reach world markets. Under that agreement, the U.N. has said Moscow was no longer fulfilling a pledge to “facilitate the unimpeded export of food, sunflower oil, and fertilizers” from Ukrainian Black Sea Ports.

Moscow quit the deal because it said its own grain and fertilizer exports still faced obstacles and complained not enough Ukrainian grain was reaching poor countries under the arrangement.

But the U.N. argued the deal has benefited those states by helping lower food prices more than 20% globally. Ukraine has also been a key supplier of grain for the U.N. World Food Programme’s efforts to fight hunger.

U.N. Secretary-General Antonio Guterres “will continue whatever he can do to ensure that global markets have access to Ukrainian and Russian food as well as fertilizer,” Dujarric said. “This is just too important for our fight against global hunger.”

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Russia mulls extra tax for some commodities exports, including metals – sources

Commodities September 21, 2023

Gold prices tumble as Fed talks higher rates

Commodities September 21, 2023

Crude oil prices endure downturn amid U.S. interest rate hike anticipation

Commodities September 21, 2023

China approves export licences for chip materials gallium, germanium

Commodities September 21, 2023

European energy crisis: ECB, IEA and EIB to strategize on systematic transition amid soaring prices

Commodities September 21, 2023

Federal Reserve interest rate signals prompt oil price dip

Commodities September 21, 2023
Add A Comment

Leave A Reply Cancel Reply

Latest News

Fed expected to cut rates despite deep divisions over US economic outlook

December 7, 2025

Box Q3: Limited Alpha Ahead (NYSE:BOX)

December 5, 2025

John Wiley & Sons, Inc. (WLY) Q2 2026 Earnings Call Transcript

December 4, 2025

General Motors Company (GM) Presents at UBS Global Industrials and Transportation Conference Transcript

December 3, 2025

Verizon: Not A Value Trap, The Math Works (NYSE:VZ)

December 2, 2025
Trending Now

John Hancock Multimanager 2015 Lifetime Portfolio Q3 2025 Commentary

December 1, 2025

BitMine Immersion: Major Test Passed So Far (NYSE:BMNR)

November 30, 2025

United Natural Foods Q1 Preview: Doesn’t Seem Like An Exciting Opportunity Right Now

November 28, 2025

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Make a Living is your one-stop news website for the latest personal finance, investing and markets news and updates, follow us now to get the news that matters to you.

We're social. Connect with us:

Facebook Twitter Instagram YouTube LinkedIn
Topics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
Quick Links
  • Cookie Policy
  • Advertise with us
  • Get in touch
  • Submit News
  • Newsletter

Subscribe to Updates

Get the latest finance, markets, and business news and updates directly to your inbox.

2025 © Make a Living Club. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.