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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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May 25, 2022 10:12 amby The Kyiv Independent news desk

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
Author:  The Kyiv Independent news desk

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