Kremlin says Russia will protect grain exports amid Black Sea strikes

Russia is taking measures to minimize the impact of Ukrainian strikes on its grain exports, the Kremlin said on Monday, Aug. 24, as global wheat importers prepare for tighter supplies after attacks on Black Sea grain infrastructure. Tit-for-tat attacks by Russia and Ukraine, both major grain exporters, have shuttered terminals and forced shippers to delay or cancel loadings for dozens of cargoes. Kremlin spokesman Dmitry Peskov said measures had been identified and would be further developed to ensure all grain intended for export is shipped on time and in full. President Vladimir Putin acknowledged problems with Russia's agricultural exports last week but said they would be resolved and that global markets would not face shortages. Putin estimated Russia would have about 60 million tons of grain available for export in the current season. Sovecon expects Russian grain exports to increase to 2.2 million metric tons in August from 1.95 million in July.

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Kremlin says Russia will protect grain exports amid Black Sea strikes - CoinPost Terminal