Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Russia Strikes Odesa Seaport Hours After Signing Grain Deal, Lavrov Embarks On Africa Tour

RUSSIA

Russia claimed responsibility for a missile strike on the Ukrainian port of Odesa hours after signing off on a deal brokered by Turkey and the UN to create corridors for seaborne exports of Ukrainian grain.

  • The attack drew international condemnation and casts doubt on Russia's commitment to respecting the terms of the deal which could have helped ease the global food crisis. Moscow rejected Western criticism, noting that it was targeting military objects.
  • Meanwhile, Russian Foreign Minister embarked on a tour of several African countries, seeking to counter claims that Moscow remains internationally isolated and push back against accusations that Russia is perpetrating the global food crisis and has committed war crimes in Ukraine.
  • Lavrov's first stop was Egypt, the world's largest grain importer, where he met with President al-Sisi and fellow chief diplomat Shoukry. He praised "the balanced position of Africans on what is happening in and around Ukraine."
  • Whilst in Cairo, Lavrov appeared to be upping the ante in Russia's war on Ukraine, as he cited regime change in Kyiv as one of the Kremlin's objectives. He noted that Moscow will "definitely help the Ukrainian people to free themselves" from the current regime.
  • Lavrov will visit Ethiopia, Uganda and the Republic of the Congo later this week.
204 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Russia claimed responsibility for a missile strike on the Ukrainian port of Odesa hours after signing off on a deal brokered by Turkey and the UN to create corridors for seaborne exports of Ukrainian grain.

  • The attack drew international condemnation and casts doubt on Russia's commitment to respecting the terms of the deal which could have helped ease the global food crisis. Moscow rejected Western criticism, noting that it was targeting military objects.
  • Meanwhile, Russian Foreign Minister embarked on a tour of several African countries, seeking to counter claims that Moscow remains internationally isolated and push back against accusations that Russia is perpetrating the global food crisis and has committed war crimes in Ukraine.
  • Lavrov's first stop was Egypt, the world's largest grain importer, where he met with President al-Sisi and fellow chief diplomat Shoukry. He praised "the balanced position of Africans on what is happening in and around Ukraine."
  • Whilst in Cairo, Lavrov appeared to be upping the ante in Russia's war on Ukraine, as he cited regime change in Kyiv as one of the Kremlin's objectives. He noted that Moscow will "definitely help the Ukrainian people to free themselves" from the current regime.
  • Lavrov will visit Ethiopia, Uganda and the Republic of the Congo later this week.