Russia Conducts Live Fire Exercises as Shipping Threats Rise
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Russia’s navy said it had conducted a live fire exercise in the Black Sea after trading threats with Ukraine in which both sides warned they could target any ships heading to the other’s ports.
The exercise at a training range in the sea’s northwest followed this week’s collapse of the deal that allowed Ukraine to export some grain via safe corridors. Since then, the verbal threats between Moscow and Kyiv have escalated, sharpening the war’s risk to global commodities markets and driving wheat prices toward a weekly gain of more than 10% over supply concerns.