Key facts
- The Kremlin stated measures are being taken to minimize the impact of Ukrainian strikes on Russian grain exports.
- Attacks on Black Sea grain infrastructure have led to shuttered terminals and delayed shipments.
The Kremlin stated that steps are being taken to minimize the effect of Ukrainian attacks on Russian grain exports, as global wheat importers anticipate tighter supplies due to ongoing strikes on Black Sea grain infrastructure.
The ongoing conflict's impact on grain exports from major global suppliers like Russia and Ukraine directly affects global food security and prices, particularly for wheat importers.
The Kremlin announced on Monday that measures are being implemented to mitigate the impact of Ukrainian strikes on Russia's grain exports. This comes as global wheat importers are concerned about tighter supplies due to ongoing attacks on Black Sea grain infrastructure.
Recent tit-for-tat attacks by both Russia and Ukraine, significant grain exporters, have led to the closure of grain terminals and caused delays or cancellations for numerous shipments during the peak export season. Kremlin spokesman Dmitry Peskov stated that measures have been identified and will be further developed to ensure all grain intended for export is shipped on time and in full.
President Vladimir Putin had previously acknowledged that Russia was facing challenges with its agricultural exports but expressed confidence that these issues would be resolved. He also pledged that there would be no shortages in global markets. Putin estimated that Russia would have approximately 60 million tons of grain available for export in the current season. The consultancy Sovecon projects that Russian grain exports will increase to 2.2 million metric tons in August, up from 1.95 million metric tons in July.