The Sakhalin-1 oil and gas project in the Russian Far East appeared to have resumed operation after five months of suspension due to Exxon’s withdrawal, as the first tanker departed the terminal on Oct. 30. Bloomberg reported that a vessel carrying Russian Sokol crude sailed from the De Kastri terminal to South Korea on Oct….
Russia’s Sakhalin Oil Project Resumed With Export to South Korea: Report
Heavy Russian Barrage on Ukraine, No Water for Much of Kyiv
KYIV, Ukraine—A massive barrage of Russian cruise missile and drone strikes hit critical infrastructure in Kyiv, Kharkiv and other Ukrainian cities early Monday, knocking out water and power supplies in apparent retaliation for what Moscow alleged was a Ukrainian attack on its Black Sea Fleet. Russia has intensified its attacks on Ukraine’s power plants and…
Russia Halts Black Sea Grain Deal after Attack, Points Finger at UK
Russia has announced its withdrawal from a UN-brokered agreement with Kyiv that had guaranteed the safe shipment of Ukrainian wheat through the Black Sea. The move came in response to an attack on Russian naval vessels docked in the Crimean port of Sevastopol, for which Moscow has blamed Ukrainian forces working in tandem with British…
World Food Supplies at Risk as Russia Withdraws From Black Sea Deal
October 31, 2022
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Business & Marketscrisiseconomic policieseconomyenergyEuropeFoodGold and CommoditiesinflationInternationalMarketsRussiaRussia-Ukraine WarshipmentsU.N.UkraineWorld
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SINGAPORE—Russia’s weekend backtrack from a U.N.-brokered deal to export Black Sea grains is likely to hit shipments to import-dependent countries, deepening a global food crisis and sparking gains in prices. Hundreds of thousands of tonnes of wheat booked for delivery to Africa and the Middle East are at risk following Russia’s withdrawal, while Ukrainian corn…
Wheat Climbs Over 5 Percent to 2-Week High as Russia Suspends Black Sea Agreement
October 31, 2022
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Business & MarketseconomyEuropeMarketsRussia-Ukraine Warwheat exportwheat priceswheat shortagesWorld
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Wheat prices spiked after a Russian announcement that it would withdraw from the Black Sea export agreement, a decision which is expected to have a negative impact on the market. On Monday, the most active contract on the Chicago Board of Trade (CBOT) rose by 5.7 percent as of 4:16 a.m. EDT, to trade at…
Russia Hits Ukrainian Hydropower Plants in New Missile Strikes
KYIV—Russia fired dozens of missiles at Ukrainian energy facilities including hydroelectric power stations on Monday, causing widespread blackouts, mobile phone outages, and reductions in water supplies. Explosions rocked Kyiv and thick black smoke billowed over the capital in a wave of attacks on Monday morning that Prime Minister Denys Shmyhal said targeted 10 Ukrainian regions…
Americans Split on Ukraine Funding
While the majority of Americans still support sending weapons to Ukraine in its fight against Russia’s invasion, they are unsure about handing over federal funds, according to a new poll. Convention of States Action, along with the Trafalgar Group, released the poll, which found that 40.3 percent of those surveyed support sending Ukraine “weapons and…
Russia Suspends Ukraine Grain Deal Over Ship Attack Claim
KYIV, Ukraine—Russia announced Saturday that it will immediately suspend its implementation of a U.N.-brokered grain deal. The Russian Defense Ministry cited an alleged Ukrainian drone attack Saturday against Russia’s Black Sea Fleet ships moored off the coast of occupied Crimea as the reason for the move. Ukraine has denied the attack, saying that the Russians…
Russia Says UK Navy Blew Up Nord Stream, London Denies Involvement
October 29, 2022
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Business & MarketsCompaniesenergyEuropeexplosionGold and CommoditiesMarketsNavyNordstreamRussiaRussia-Ukraine WarUKWorld
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LONDON—Russia’s defense ministry said on Saturday that British navy personnel blew up the Nord Stream gas pipelines last month, a claim that London said was false and designed to distract from Russian military failures in Ukraine. Russia did not give evidence for its claim that a leading NATO member had sabotaged critical Russian infrastructure amid…
Russia Declares End of Mobilization Campaign; US Sending $275 Million More Military Aid to Ukraine
FRONTLINES NORTH OF KHERSON, Ukraine—Russia said on Friday it had finished calling up reservists to fight in Ukraine, having drafted hundreds of thousands in a month and sending more than a quarter of them already to the battlefield after a mobilization campaign that was its first since World War II. The United States, meanwhile, announced…
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