Even in the US, this has caused diesel prices to rise, which will affect the D. Trump party’s chances of winning this year’s elections.
The coordinates of targets in Russia and the rising diesel prices are causing great tension in the US, which could affect the outcome of the US elections.
Escalation of the conflict and its consequences
• Coordinates for deep strikes: Ukrainian attacks deep inside Russian territory are increasing tensions and raising concerns about the further escalation of the conflict.
• Port blockade: Russia’s blockade of Ukrainian ports is disrupting global food and commodity trade and making resources more expensive.
• Economic impact: The disruptions in diesel prices in the US are putting pressure on the government and affecting political ratings.
Russia’s complete blockade of Ukraine’s seaports is costing Ukraine’s economy between 0.3% and 1% of GDP each month and threatens to trigger a new global food price shock. As Russian missile and drone attacks on cargo ships and grain terminals intensified, shipowners have completely halted shipping through Ukraine’s Black Sea corridor, citing critical security risks.
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A blow to Ukraine’s economy
The closure of ports is a critical challenge for Ukraine, as the country exports about 90% of its agricultural products and raw materials through them.
• Lost currency: The country is losing more than $2 billion in export earnings each month.
• Logistics collapse: Grain stocks are piling up in warehouses, and farmers are facing a shortage of working capital for the upcoming sowing season.
• Rising transport costs: A planned 30% increase in rail tariffs for the agricultural sector will further increase the pressure on businesses.
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Global food price crisis
With Ukraine and Russia together controlling about 30% of the global wheat market, the closure of sea routes has immediately destabilized international trade.
• Wheat prices soar: International wheat prices have already reached their highest levels in two years.
• Other commodities rising in price: Corn and rapeseed prices are rising rapidly.
• Threat to the most vulnerable: Food price inflation will hit import-dependent countries in Africa, Asia and the Middle East hardest.
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Escalation of the situation in the Black Sea
The situation has reached its most dangerous point since spring 2022, as military action has moved directly into trade routes:
1. Attacks on ships: Russian forces have destroyed several cargo ships (including the Golden Leo), killing foreign crew members.
This conflict is taking place against a backdrop of unfavorable global conditions for Trump – a war in the Middle East has already disrupted the supply of fertilizer through the Strait of Hormuz, and Europe and other regions are suffering from a heatwave that is destroying crops.
Who is quietly laughing in the corner? It’s J. Biden, who has avoided such escalations.
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