Blasts were heard in Kyiv on Monday and Ukrainian authorities reported Russian missile strikes around the country, after Moscow blamed Kyiv for an attack on its Black Sea fleet and pulled out of a deal to allow Ukrainian grain shipments.
Russia and Ukraine are both among the world’s biggest food exporters, and a Russian blockade of Ukrainian grain shipments caused a global food crisis earlier this year. Following Russia’s announcement that would halt cooperation with grain exports, Chicago wheat futures jumped more than 5 percent on Monday. “Another batch of Russian missiles hits Ukraine’s critical infrastructure. —Reuters