Skip to main content

Zelenskiy calls Russian attack on Odesa port 'barbaric' hours after grain deal

Ukrainian president Volodymyr Zelensky accused Russia of "barbarism" after rockets hit Odesa, endangering a deal to reopen grain exports from Black Sea ports and ease global food shortages.

Zelenskiy calls Russian attack on Odesa port 'barbaric' hours after grain deal

Russia struck Odesa with cruise missiles just 12 hours after signing an agreement with Kyiv to enable monitored grain exports from Ukraine's southern ports.

Zelensky termed the incident "barbaric," proving Moscow couldn't be trusted to follow the pact.

During a meeting with US congressmen, he remarked, "This proves just one thing: no matter what Russia says and pledges, it will find ways not to do it."

Eyewitness footage from the port area shows one of the missiles bursting near the beachfront and a parked ship.

The UN, EU, US, UK, Germany, and Italy condemned the Odessa attacks.

Antony Blinken, the US secretary of state, said the attack casts doubt on Russia's adherence to yesterday's pact.

"Russia must halt its actions for aggravating the world food crisis," he continued.

Liz Truss, the British foreign secretary, called the "appalling" attack hours after the accord was signed "totally unnecessary" and proof that Vladimir Putin cannot be trusted.

Russia has "nothing to do" with the strikes, according to Turkey's military minister. Neither the Russian defense ministry nor the military's evening summary mentioned Odesa. The ministry declined to respond to Reuters.

.net/YwotbKdP4sVunJGfdhmgww/e8f260a6-84bf-4222-a093-e1ef14e44c00/

UN officials anticipate the accord will be effective in a few weeks. Ukraine's southern military command told Suspilne the grain storage location wasn't touched.

"Unfortunately, wounded. Maksym Marchenko, Odesa's governor, stated the port's infrastructure was destroyed.

Oleksandr Kubrakov, minister of infrastructure, wrote on Facebook that "we continue technical preparations for exports from our ports."

Russia and Ukraine are major wheat producers, and the fighting has boosted food costs. According to the World Food Programme, 47 million people have "acute hunger."

Friday's pact promises to avert starvation in poorer nations by putting more wheat, sunflower oil, fertilizer, and other supplies on world markets, partly at reduced costs.

Comments

Popular posts from this blog

Bank of Japan surprises the markets

This is the FT News Briefing podcast episode's audio transcript: Markets are stunned by Bank of Japan. Jennifer Smith From the Financial Times, good morning. Today is December 21st, a Wednesday. This concludes the FT News Briefing. Markets shook when Japan's central bank finally gave in. The line for refunds is being pushed forward by a group of FTX clients. Tom Wilson of the FT also takes a look back at the eventful year in the energy markets. Wilson, Tom I mean, this chapter would actually be called "Russia" there, wouldn't it? Jennifer Smith The news you need to start your day is presented by me, Jess Smith, who is filling in for Marc Filippino. Markets were alarmed by the Bank of Japan's unexpected change in monetary policy. The central bankers of Japan had long maintained an ultra-loose monetary policy and refused to raise interest rates with other central banks. However, BOJ officials, including governor Haruhiko Kuroda, announced Wednesday that they wil...

Futures fall after key averages open lower.

Stock futures dipped Tuesday morning after the BOJ widened its yield target range. Dow futures fell 236 points (0.72%). S&P 500 futures lost 0.86 and 1.05 percent. The Dow fell 162 points, or 0.5%, on Monday. S&P 500 declined 0.9% and Nasdaq Composite lost 1.5%. Stocks are set to conclude the month and year in the red, and investors' dreams for a Santa Claus bounce are evaporating. No Santa yet. Louis Navellier, founder of Navellier & Associates, remarked, "buckle up." "One hopes the awful news is over. No Fed moves until February. We're not gapping down but not recouping last week's losses." Investors feared the Fed may cause a recession. The central bank boosted its benchmark interest rate by 50 basis points last week and said the terminal rate might reach 5.1%. The European Central Bank raised rates and forecast future hikes last week, further pressuring traders. Over 90% of central banks raised interest rates this year, a (largely) global...

The dollar makes slight gains while investors mull over the outlook for interest rates and the economy.

There will be a multitude of significant decisions made by central banks the following week, including those made by the Federal Reserve, the European Central Bank, and the Bank of England. The most important concern for traders and investors is whether or not inflation has hit its maximum level, which would provide policymakers greater leeway to implement interest rate hikes of a more moderate nature over the next few months. The monthly consumer inflation reading for the United States is also due the following week; it will be released on December 13, one day before the Fed's policy meeting on that day, and it may play a vital role in determining longer-term expectations for monetary policy. According to Adam Cole, a currency analyst at RBC, "U.S. CPI is the one data release that seems to really important for broader dollar direction at the moment," and "until we have those central bank meetings and one key monthly U.S. data release, not a great deal is occurring....