War risk insurance premiums for vessels traversing Ukraine’s shipping corridor in the Black Sea have increased by about 33 per cent following Russia's recent attacks on foreign ships, Bloomberg reported on Oct. 10, citing sources in the market.
Despite being scarred by Russia’s full-scale war, the city continues to draw locals and tourists to its lively streets, sunny beaches, and legendary nightlife.
Romania's Foreign Ministry said on Sept. 13 that Russia's strike against a cargo ship loaded with Ukrainian grain in the Black Sea is an "unprecedented escalation" of Moscow's war.
Romania's Coast Guard confirmed on Sept. 12 that the vessel was sailing through Romania's exclusive economic zone, about 55 km from the Romanian port of Sfantu Gheorghe, at the time of the attack.
Ukrainian soldiers shot down a Russian Su-30SM aircraft during an operation in the Black Sea, Ukraine's military intelligence said.
The Magura drone can cover a distance of more than 800 kilometers (500 miles) at a speed of 80 km/h (50 mph) and is capable of carrying a 250-kilogram warhead.
This volume included 43.5 million metric tons of agricultural products exported through the Black Sea shipping route over the past year.
An amphibious special forces group landed on Tendra Spit overnight and destroyed Russian armored vehicles, namely MT-LB amphibious personnel carriers, as well as electronic warfare systems and fortifications, HUR reported.
Hetman Ivan Vyhovskyi will make its maiden voyage in 2026 and be officially handed over to Ukraine in the first quarter of 2027, the Turkish shipbuilding company STM said.
Key developments on July 18: * Ukrainian aerial, naval drones attack Russian base in Crimea, source says * Ukraine confirms withdrawal from Urozhaine in Donetsk Oblast * Ukraine signs long-term security deals with Czechia, Slovenia * Zelensky warns European leaders that Putin may use blackmail to undermine unity The Security Service of Ukraine (SBU)
The vessel's designation was Project 1135, Dmytro Pletenchuk, a spokesperson for the Ukrainian Navy, told the Kyiv Independent. This patrol ship is not a carrier of cruise missiles, which Russia is using to attack Ukraine, but is equipped with the other weapons, he added.
The boats are equipped with modern navigation and control systems, automatic fire extinguishing, as well as a video surveillance system, making them maneuverable, fast, and ergonomic, the State Border Guard Service said.
The Ukrainian government is working on a new maritime strategy that will be soon approved by the National Security and Defense Council, President Volodymyr Zelensky announced on July 6.
Ukraine wants to expand its shipping corridor, which contains only maritime traffic from the three main Odesa ports, to include the ports of Mykolaiv and Kherson in the country's south, Navy Commander Oleksii Neizhpapa told Reuters. However, it is not possible since Russia controls the Kinburn Spit, he added.
The Russian Defense Ministry claimed that its forces destroyed two Ukrainian naval drones heading in Novorossiysk's direction.
Under the Turkish-led deal, the three countries will oversee efforts to clear mines that have been drifting in the Black Sea since the start of Russia's all-out war. Other NATO members are not involved in the initiative.
The Security Service of Ukraine has released new footage of the liberation of Snake Island on June 30 to mark two years since Russian troops were forced to retreat from the strategic Black Sea outpost.
Key updates on June 28: * Kremlin claims 'provocations' from US drones over Black Sea, prepares potential response * Drone hits oil depot in Tambov Oblast, Russian official says * Russia hits nine-story residential building in downtown Dnipro, killing at least 1, injuring 5 * Another Russian Su-25 downed, Ukraine's National Guard claims * Finland
The Russian Defense Ministry said U.S. drones were being used to conduct reconnaissance and find targets for "high-precision weapons supplied to the Armed Forces of Ukraine by Western states.
Around 30% of Russia’s Black Sea Fleet had been destroyed as of December 2023, according to the Ukrainian military.
The sea voyage from the city of Chernomorsk in Ukraine's Odesa Oblast to Batumi in Georgia will be the first between the countries since the beginning of the full-scale invasion.
The vessel, most likely a raiding tug boat, was destroyed in occupied Crimea, Ukrainska Pravda reported earlier the same day, citing an undisclosed military intelligence source.
Ukrainian Magura 5V naval drones damaged two more Russian patrol boats in occupied Crimea, bringing the total number of vessels struck in the overnight attack on May 30 to four, Ukraine's military intelligence (HUR) said.
If confirmed, it would be the largest drone attack by Ukraine throughout the entire war. A previous attack in March saw the Kremlin claiming to have downed 65 drones.
According to Vysotskyi, 87% of all agricultural products are being exported from Odesa and adjacent ports.
Russian forces have encountered a new enemy in the Black Sea: Ukraine’s arsenal of naval kamikaze drones. These deceptively small unmanned vehicles have targeted Russia’s Black Sea Fleet since September 2022, picking off Russian battleships one by one. The latest of Ukraine’s maritime conquests was the Russian
Losses caused by the Polish blockade of the Ukrainian border amounted to $500 million in lost imports and $160 million in exports in its first month, the National Bank of Ukraine said on May 14.
Ukraine requires naval vessels for tasks such as the protection of Black Sea shipping routes.
Ukrainian grain exports decreased in March and are expected to further slow down this year amid lower supply and smaller harvest predictions. Grain exports amounted to 5.2 million metric tons in March, down from 5.8 million metric tons the month before, according to various estimates. After Kyiv set
The following is the April 16, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Russia’s large-scale attacks against Ukraine’s energy system late last week have stoked fears of renewed country-wide
Barth Eide visited Odesa's port and said that he was "deeply impressed by the way Ukraine has been able to regain control and to ensure exports of grain to the world, despite constant Russian aggression."
Ukraine and Russia negotiated for two months on a deal to ensure the safety of merchant shipping in the Black Sea and reached agreement on a text in March, but Kyiv pulled out of the talks "at the last minute," Reuters reported on April 16, citing four unnamed people familiar with the matter.
