A fresh round of Russian missile strikes hit power and water infrastructure across the country after the Kremlin blamed Kyiv for strikes against its Black Sea fleet and pulled out of a landmark grain export deal.
(Bloomberg) — A fresh round of Russian missile strikes hit power and water infrastructure across the country after the Kremlin blamed Kyiv for strikes against its Black Sea fleet and pulled out of a landmark grain export deal.
Wheat prices soared after Russia warned that shipments will become “much riskier” without its participation, even as ships loaded with grain began to leave Ukraine. The United Nations and Turkey worked to salvage the agreement to keep seaborne exports flowing.
Russia suspended the agreement after drone strikes against its naval fleet, claiming without evidence that one of the drones launched on Saturday might have come from a grain ship that’s part of the Black Sea initiative. The Kremlin also said underwater drones were launched from Odesa region.
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Key Developments
- Russian Missile Strikes Cut Ukrainian Power, Water Supplies
- Wheat Surges as Russia Warns on Ship Safety After Ditching Deal
- Russia Is Mostly Failing in Race to Find New Oil Markets
- Ukraine Sees ‘First Signs’ of Price Stability as War Grinds On
- Wheat Surges Even as Grain Ships Defy Russian Deal Exit
- Iran’s Oil Minister Heads to Russia on Monday for Deal Talks
On the Ground
Russian missiles targeted the capital, Kyiv, including essential civilian infrastructure, leaving parts of the city without water and electricity. Explosions were also reported in regions including Kharkiv, Zaporizhzhia, Kremenchuk and Vinnytsia. Russia’s military struck the Dnipropetrovsk region with artillery and drones overnight, hitting residential buildings and other facilities as well as energy infrastructure, local authorities said on Telegram. Russian forces began preparations to remove artillery from the Dnipro River’s right bank in the Kherson region, Ukraine’s southern operational command said on Facebook.
(All times CET)
Ukraine Assesses Damage From Russian Strikes (4:45 p.m.)
Russian missiles and drones damaged infrastructure in 10 Ukrainian regions and hundreds of locations are without power in seven of them, Prime Minister Denys Shmyhal said on Telegram. The strikes left more than 80% of Kyiv residents without running water and 350,000 apartments lost electricity supply, Mayor Vitali Klitschko said on Telegram. By evening, 40% still had no water supply and 270,000 apartments remained without electricity, he said.
Russia Plans to Raise Diesel Exports Ahead of EU Ban (1:20 p.m.)
Russia’s diesel exports via its key Baltic and Black Sea ports are set to reach a seven-month high in November as Europe grapples with a fuel shortage ahead of a full ban on such purchases early next year.
EU Grain Corridors Have Carried 29 Million Tons of Goods (1:10 p.m.)
More than 14 million tons of agricultural products have been exported to Ukraine via the so-called solidarity lanes between May and Oct. 20, European Commission spokesman Stefan De Keersmaecker told reporters in Brussels. Over the same period, 15 million tons of non-agricultural products such as steel, oil and humanitarian products were exported.
Latvia Detains 37 After Removing Soviet Monuments (1:03 p.m.)
Police detained 37 people after authorities began taking down an obelisk honoring the Soviet military in Latvia’s second-biggest city of Daugavpils.
The city, near the eastern border with Belarus, is nearly half ethnic Russian. Latvia removed a tall Soviet obelisk in the capital Riga in August and plans to take down all Soviet monuments across the country.
Ukraine’s DTEK Depleted Stockpiles to Fix Power Lines (12:52 p.m.)
Ukraine’s largest private power company DTEK is running low on inventories of spare parts to fix power infrastructure damaged by Russian shelling.
“We have already used up the stockpiles of equipment which we had in our depots after the first two waves of attacks since Oct. 10,” Dmytro Sakharuk, executive director of DTEK, said on TV.
DTEK was able to buy some equipment in the market but needs to purchase millions of dollars worth of spare parts as procurement problems are mounting amid soaring prices, he said. Preliminary estimate of damage to DTEK from Russian attacks is estimated in millions of dollars, according to Sakharuk.
Poland Sees Reverse in Flow of Ukrainian Refugees 12:50 p.m.)
This month’s massive Russian attacks on Ukrainian infrastructure may trigger a new wave of refugees to Poland, Wojciech Kononczuk, deputy head of Polish Center for Eastern Studies said on Twitter.
Polish border guard data show that October is on track to be the first month since April when number of Ukrainians moving to Poland was higher than those traveling back to Ukraine.
Turkey to Talk to Russia About Grains Corridor (12:29 p.m.)
Turkish Defense Minister Hulusi Akar said he will discuss Russia’s withdrawal from the Ukraine grain corridor deal in a phone call with his Russian counterpart Sergei Shoigu later on Monday.
“The suspension of this initiative is neither to the benefit of Russia nor Ukraine,” a Turkish Defense Ministry statement said. “We are continuing to hold talks with Ukrainian and Russian defense ministers.”
Kremlin Says Grain Shipments Without Russia ‘Much Riskier’ (12:38 p.m.)
Kremlin spokesman Dmitry Peskov said grain shipments from Ukraine’s Black Sea ports become “much riskier” after Russia suspended participation in a deal to protect them, but he declined to comment on what conditions Moscow is setting out for rejoining the pact.
“In circumstances where Russia is talking about the impossibility of ensuring the security of shipping in these areas, of course such a deal is hardly implementable,” he told a conference call. “It takes on a different character, much riskier and more dangerous.”
He said diplomatic consultations are underway with Turkey and the UN on the future of the pact.
Russia Hit Infrastructure in 10 Regions of Ukraine (11:26 a.m.)
Russia’s missile and drone attacks on Monday damaged 18, mainly energy, facilities in 10 regions of Ukraine, Prime Minister Denys Shmyhal said on Telegram.
“They are not targeting military facilities, but critical civilian infrastructure,” he said, adding that “hundreds of locations have had power cut off in seven Ukrainian regions.”
Ukraine has 25 regions, including Crimea, which was annexed by Russia in 2014.
Revolut Billionaire Gives Up Russia Citizenship (11:22 a.m.)
Nikolay Storonsky, the 38-year-old co-founder and chief executive officer of London-based fintech startup Revolut Ltd., has renounced his Russian citizenship amid his outspoken opposition to the war in Ukraine.
“Nik is a British citizen. Earlier this year he renounced his citizenship by birth to Russia. His position on the war is on the public record: the war is totally abhorrent and he remains resolute in calling for an immediate end to the fighting,” a spokesman for Revolut said.
A former derivatives trader at Credit Suisse Group AG and Lehman Brothers, Storonsky and several partners launched Revolut in 2015.
Russian Missile Targeting Ukraine Power Unit Falls in Moldova (10:38 a.m.)
One of the missiles launched by Russia during its attack on Ukraine’s critical power infrastructure fell in the town of Naslavcea in Moldova, which is only 10 kilometers away from Dnister dam in Ukraine. The downing shattered windows of several houses, Moldova’s Interior Ministry said in a statement.
Czech Premier Visits Kyiv (10:06 a.m.)
Czech Prime Minister Petr Fiala and several other members of his cabinet arrived in Kyiv for talks with Ukrainian Prime Minister Denys Shmyhal.
Ukraine Downed Most Russian Missiles Fired on Monday (9:13 a.m.)
Ukrainian air defense forces shot down 44 of more than 50 missiles launched by Russian forces this morning, the country’s air force command said on Telegram.
Russian Tu-95 and Tu-160 bombers launched Х-101 and Х-555 cruise missiles from above the Caspian Sea and from area near Volgodonsk in Russia, according to Ukrainian air forces.
Crop Ships Are Leaving Ukraine Again (9:08 a.m.)
Wheat prices soared early Monday as traders watched for developments on exports. Ukraine is one of the world’s biggest suppliers of wheat, corn and vegetable oil and the July agreement to open three Black Sea ports has been vital to help alleviate a global food crisis.
Russia has only temporarily suspended its participation in implementing the deal, which was brokered by Turkey and the UN, but is still a signatory to the agreement, according to Ismini Palla, a UN spokeswoman for the Black Sea Grain Initiative.
Under the terms of the initiative, all parties agreed not to undertake attacks against merchant and civilian ships. Palla confirmed at that time that outbound ships were moving and assembling near the entrance to the corridor.
Ukraine Reports Huge Russian Missile Strikes (8:12 a.m.)
Ukraine said Russia launched a massive wave of missile attacks across the country after the Kremlin accused Kyiv of strikes against its Black Sea fleet and pulled out of a grain-export deal.
Those attacks caused large scale power and water supply cut offs on Monday morning across the country.
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