Skip to content

News Feed

1:14 AM
The move follows a tense battle over funding legislation that nearly resulted in a government shutdown. Funding for Ukrainian military aid became a focal point of the legislative fight.
Ukraine Daily
News from
Ukraine in your
4:00 PM
The U.S. military is ready to send Ukraine some of its long-range Army Tactical Missile Systems (ATACMS) armed with cluster munitions once U.S. President Joe Biden approves the transfer, Bloomberg reported on Oct. 3, citing the U.S. military's chief weapons buyer.

watch us on facebook

Edit post

Wheat prices rise after Kakhovka dam explosion

by Martin Fornusek June 6, 2023 6:15 PM 1 min read
This audio is created with AI assistance

Wheat prices rose by 3% after the explosion of the Kakhovka dam in southern Ukraine on June 6, according to the market data tracking service Barchart Trader.

The price is now at $6,4 per bushel.

"Wheat went up by 3% – that is how the markets reacted to the destruction of the Kakhovka Hydroelectric Power Plant," said Oleh Nivievskyi, associate professor at the Kyiv School of Economics.

Nivievskyi wrote on Telegram that markets are expecting an "escalation."

Ukraine's Southern Operational Command reported early in the morning that Russian forces blew up the Kakhovka dam, causing massive flooding of villages and towns downstream of the Dnipro River.

Evacuation of civilians is underway, with 1,300 people transported by 3 p.m. local time.

Many areas can lose access to their main water supply as a result of the disaster, threatening local agricultural production.

Some experts believe that vegetable growers in the affected region may lose 20,000 hectares of productive land.

Ukraine is one of the leading agricultural producers and exporters in the world, as its grain feeds a number of countries in Africa and the Middle East.

What are the consequences of the Kakhovka dam’s demolition?
The destruction of the Kakhovka dam can lead to serious humanitarian, ecological, economic, military, and legal consequences. The demolition was carried out by Russian forces in southern Ukraine in the early hours of June 6. And it’s among the most dramatic violations of the Geneva Conventions in…
Support independent journalism in Ukraine. Join us in this fight.
Freedom can be costly. Both Ukraine and its journalists are paying a high price for their independence. Support independent journalism in its darkest hour. Support us for as little as $1, and it only takes a minute.
visa masterCard americanExpress

Editors' Picks

Enter your email to subscribe

Please, enter correct email address


* indicates required
* indicates required


* indicates required
* indicates required


* indicates required


* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.