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Ukraine says Russian attacks threaten its export earnings this year

Ukraine's Finance Ministry warned that Russian strikes on ports and commercial infrastructure are harming the country's export revenues.

Ukraine's Finance Ministry announced that ongoing Russian assaults on its ports and commercial infrastructure are eroding export income. The ministry highlighted that the impact in July was especially severe, though specific monetary values were not disclosed. Moscow has framed these strikes as a response to Ukrainian drone campaigns targeting Russian economic assets such as oil refineries and e-commerce warehouses.

President Vladimir Putin argued that the attacks on Ukrainian agricultural exports will not trigger worldwide food shortages, asserting that Russia can substitute Ukrainian supplies. He also restated Russia's willingness to discuss peace, but only on conditions that reflect what Moscow calls "realities on the ground" rather than proposals it describes as "exotic". The escalating tit-for-tat attacks underscore the broader economic dimension of the conflict.

Why it matters

Export losses weaken Ukraine's economy and affect global food markets amid the ongoing war.

How this story developed

  1. Sep 1 Russia multiplies jet-powered Shahed drone strikes fivefold in one month
  2. Sep 12 Russia has broadened deployment of jet‑propelled drones, prompting Kyiv to trial quicker, low‑cost interceptors.

In this story

export lossesRussian attacksUkrainian portsdrone strikesfood securitypeace talks
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