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Ukraine Recap: Navy Designates Black Sea Routes Amid Threat

2023-08-11 00:25
Ukraine’s navy designated temporary Black Sea routes for trade vessels willing to navigate waters endangered by Russia’s military.
Ukraine Recap: Navy Designates Black Sea Routes Amid Threat

Ukraine’s navy designated temporary Black Sea routes for trade vessels willing to navigate waters endangered by Russia’s military.

Russia’s state-owned atomic energy company, Rosatom Corp., said it plans a cold shutdown of the fourth reactor at Ukraine’s Zaporizhzhia nuclear power plant because of a leaking pipe, but may use the sixth unit in so-called hot shutdown to meet the plant’s own needs. The International Atomic Energy Agency has been urging Russia to bring all six of the reactors at the occupied plant into a state of cold shutdown for safety reasons.

Russia’s Defense Ministry said earlier that air defense shot down two Ukrainian drones bound for Moscow, leading authorities to close briefly two international airports near the capital. The aircraft were shot down around Sevastopol in occupied Crimea, while nine more were jammed by electronic warfare equipment and crashed into the Black Sea, the ministry said. Officials in the western Ukrainian region of Rivne reported a drone attack overnight that damaged an oil depot.

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Markets

Wheat edged higher — after falling the most in over a week on Wednesday — as traders weighed the outlook for Black Sea exports.