Russia Touts Plans to Shield Grain Exports from Ukraine Strikes

The Kremlin has announced measures to minimize the impact of Ukrainian strikes on Russia's grain exports. The global wheat market is bracing for tighter supplies as a result of attacks on Black Sea grain infrastructure.

Russia and Ukraine, both major grain exporters, have engaged in tit-for-tat attacks on ports and vessels, forcing shippers to delay or cancel loadings for dozens of cargoes during the peak export season.

Kremlin spokesman Dmitry Peskov said that measures would be developed to ensure all grain intended for export is shipped on time and in full. President Vladimir Putin acknowledged last week that Russia was experiencing problems with its agricultural exports but pledged there would be no shortages on global markets.

Russia estimates it will have around 60 million tons of grain for export this season, despite the disruptions caused by Ukrainian strikes.