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externalUK Defense Ministry: Russia's naval blockade of Black Sea ports to further increase price of staple products worldwide.

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by The Kyiv Independent news deskMay 25, 2022 10:12 am

According to an intelligence update by the U.K. Defense Ministry, there hasn’t been major merchant shipping activity in and out of Odesa since Russia’s full-scale invasion began, placing indirect pressure on global grain prices. A significant amount of Ukrainian grains are reportedly unable to be exported and remain in storage.

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The Kyiv Independent news desk
The Kyiv Independent news desk

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