![]() ![]() This means Kyiv, when able, will likely have to focus on exporting bulk sunflower seeds rather than higher-value sunflower oil. Ukraine has lost at least 15% of its grain storage capacity to the war, and much of its sunflower-crushing facilities are either inaccessible due to occupation or loss of infrastructure or destroyed. By the EU’s counting, some 23 million tons of grain - mostly corn and wheat - were exported, helping the Ukrainians clear the backlog of their bumper 2020/2021 harvest. ![]() While not perfect, the Black Sea export initiative did have some successes. So we’ll likely see the Russians pivot from targeting power infrastructure to something new… We’ve seen the Russians struggling to hit their targets thanks to upgrades to the Ukrainian defense capabilities. The headlines of the week are all looking at the “imminent Ukrainian counterattack,” and while there are many reasons to expect action from both sides….let’s focus on the inevitables for today. He warns that the Russians going after Ukraine’s grain exports - including not renewing the Black Sea grain deal - would represent a crippling blow to the global food supply.Įxcerpted from Peter’s May 9 “Zeihan on Geopolitics” newsletter: Straight Arrow News contributor Peter Zeihan expects Moscow to turn away from Ukraine’s power grid and focus its attention to agricultural infrastructure. Ukraine’s spring offensive against Russia could begin at any moment but the Russians have plans of their own. ![]()
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