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Commodities

Fesco Halts Black Sea Shipments Amid Escalating Drone Attacks

Guavy AI Editorial Team
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Wheat
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Russian shipping company Fesco has suspended new shipment orders via the Black Sea after one of its vessels was damaged by Ukrainian seaborne drones and sank.

The incident highlights growing disruption to shipping in the region, with both Russia and Ukraine targeting each other's vessels. As a result, wheat prices have increased on global markets.

Fesco is one of Russia's largest logistics operators, specializing in container shipments by rail and sea.

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