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Ukraine Latest: Putin Demands Safety Guarantee for Russian Ships

Bloomberg business news
WATCH: Wheat prices soared after Russia’s announcement that it was suspending its involvement in a deal to keep seaborne grain exports flowing from Ukraine. Marc Champion reports.Source: Bloomberg
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Russian President Vladimir Putin demanded a guarantee from Ukraine on the safety of Russian vessels in the Black Sea grain corridor. The Kremlin suspended the landmark export route after claiming, without evidence, that a drone strike against its naval fleet may have come from a grain ship that’s part of the United Nations initiative.

Wheat prices soared after Russia said that shipments will become “much riskier” without its participation, even as ships loaded with grain began to leave Ukraine. Ukraine said Russia hit two tugboats pulling a grain barge outside the corridor. The UN and Turkey worked to salvage the agreement to keep seaborne exports flowing.