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Russia shuts down key Black Sea export terminal in Novorossiysk after drone attack, Reuters reports

Russia has suspended exports of crude oil from the Sheskharis terminal at the port of Novorossiysk in the Black Sea, Reuters reported on Aug. 14, citing three industry sources. The news follows a large-scale Ukrainian drone attack against Novorossiysk overnight on Aug. 12. Russian authorities in Novorossiysk warned of another drone threat on Aug. 14, leading to the suspension of work at the Sheskharis terminal, sources told Reuters. A tanker that had been scheduled to load a shipment of crude

Ukraine war latest: Strike on Russia's Ust-Luga port damages 2 processing plants, Ukraine says

Key developments on Aug. 14: * Russia's Ust-Luga port struck, 2 processing plants damaged, Ukraine's General Staff says * Russia strikes Ukraine's largest private port operator as Moscow rejects grain truce * Russia to abolish border zones with occupied Ukrainian territories * Ukrainians rally again for Fedorov reinstatement as organizers 'disappointed' in Zelensky's silence Ukraine struck the Ust-Luga port in Russia's Leningrad Oblast overnight on Aug. 14, damaging two processing plants a

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Smoke billowing over the Black Sea is now an everyday sight in Odesa Oblast as Russia continues to strike ports and vessels in Ukrainian waters. But it’s on land that the impact of Russia’s campaign is most keenly felt, with Ukraine facing an economic crisis unless the country finds a solution soon. The biggest victims are Ukraine’s agricultural and steel firms — both key economic drivers — which are cut off from crucial trading routes via the Black Sea. Ukraine could lose 1%-1.5% of its gross

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