Ukrainian Drone Strikes Force Russia to Suspend Sea of Azov Shipping

Following a series of Ukrainian drone strikes, Russia has suspended shipping through the Kerch Strait and the Don-Azov Canal, impacting its maritime logistics and oil infrastructure. Over 90 vessels, including oil tankers linked to Russia's shadow fleet, have been targeted in less than a week. The strikes have severely disrupted Russia's grain exports, with the Azov Sea handling up to 25% of these exports. Wheat futures have surged nearly 4% on the Euronext exchange due to the shipping restrictions. Ukrainian forces have targeted not only vessels but also critical infrastructure, including oil refineries and electrical substations in occupied Crimea. The situation remains fluid with no clear timeline for the resumption of shipping activities. The strikes are part of a broader campaign to degrade Russian military logistics and capabilities.

Key Points: • Russia suspended shipping in the Sea of Azov after 90 vessels were attacked by Ukrainian drones. • Ukrainian strikes targeted oil tankers linked to Russia's shadow fleet, disrupting grain exports. • Wheat futures rose nearly 4% following the announcement of shipping restrictions.