The Price of Bread

© Lisi Niesner/Reuters


© Lisi Niesner/Reuters


On 14 August, Ukraine's Military Intelligence (HUR) published data on 26 vessels via its War&Sanctions portal, noting that 18 ships face no sanctions from any of Ukraine's partner countries.
The agency said the ships carry Russian oil, liquefied natural gas (LNG), or agricultural products from occupied Ukraine. Euromaidan Press could not independently verify HUR’s vessel records.
Russia relies on maritime trade both to fund its war through energy exports and to sell crops taken from occupied Ukraine. Kyiv began building a dedicated system against Russia’s shadow grain fleet in April, modeled on its oil-fleet campaign. A US bill introduced this week would also target vessels, owners, insurers, and ports involved in sanctions evasion. HUR’s new list shows how many ships remain outside those restrictions.
HUR divided the 26 vessels into three groups:
HUR highlighted three of the 18 vessels that are not facing partner sanctions. The bulk carrier LAMAR S repeatedly loaded wheat at the Avlita terminal in occupied Sevastopol in 2026 for delivery abroad, including to Syria, the agency said.
NAYA FALCON carried baking soda and granulated wheat bran from occupied Sevastopol to Egypt and Cyprus, HUR said. The agency linked the oil tanker GREGAL to UAE-based Cymare Navigation FZC, which it described as affiliated with Sovcomflot, Russia’s state-controlled shipping company.
Crops taken from occupied land are sold abroad as Russian produce, while Russia's attacks leave Ukraine’s legitimate harvest with fewer routes to market.
Ukraine’s Foreign Intelligence Service said Russia sold more than 2 million tons of grain from occupied Ukraine as Russian produce in 2025. The agency said ship-to-ship transfers at Kavkaz helped conceal its origin.
Meanwhile, Russian attacks have squeezed Ukraine’s legitimate grain trade. Strikes on civilian ships brought the Black Sea corridor to a near standstill during the July harvest peak. Ten people died when Russian missiles hit the grain-laden Golden Leo on 19 July.
HUR called on Ukraine and its partners to synchronize sanctions and detain vessels that violate restrictions. It said the measures could curb Russia’s maritime logistics and war funding.


© Reuters


Ukraine and Moldova are discussing transporting Ukrainian grain by rail through Moldovan territory to the Romanian port of Constanta, an option driven by intensified Russian attacks on shipping in the Black Sea, according to unnamed sources in both countries cited by Reuters.
The talks come as Russian strikes on vessels using the Black Sea corridor have disrupted traffic during the harvest season and forced Ukraine to cut its export forecast. On 22 July, no ship passed through the corridor at all, and the country's agriculture ministry has already lowered its projection for the 2026–2027 season by up to five million tons.
Kyiv is asking for a discount of 50 percent off the nominal rate to transport its grain, according to the agency's sources. A source at Moldovan Railway said Moldova responded with a counterproposal: guarantees from Ukraine on the volumes of grain it would transport through the route.
"We are currently collecting information on potential volumes from interested shippers. The information-gathering process has not yet been completed," a senior Ukrainian industry official told Reuters.
Ukraine estimates the Moldovan corridor could handle 10 percent of its grain exports. Agriculture Minister Taras Vysotskyi said earlier that his ministry had lowered its grain export forecast for the 2026–2027 season from 43 million tons to 38–40 million tons because of Russian attacks on ports.
A day before the Reuters report, Moldova's Minister of Infrastructure and Regional Development, Vladimir Bolea, visited Ukraine's Odesa region and met with his Ukrainian counterpart, Mykola Kalashnyk, to discuss improving rail connections and expanding the transit network between the two countries.
Moldovan Prime Minister Vasile Tofan said his country should not pass up the opportunity to earn millions of euros from transiting Ukrainian grain cargo. He dismissed suggestions by Moldovan farming groups that Ukrainian grain prices would depress the value of their own produce.
"Let's not look for enemies where there are none," he said on Moldovan television.
Russia intensified strikes on vessels using the Ukrainian Black Sea corridor in July. On 13 July, Russian forces struck a civilian ship flying the flag of Togo while it was unloading mineral fertilizer off the coast of Odesa region, killing five crew members and injuring five others.
The following day, 14 July, Russia attacked two civilian vessels in the Black Sea — cargo ships flying the flags of Tanzania and Liberia. The captain of one of the ships was killed. On the evening of 17 July, a vessel flying the flag of the Marshall Islands was struck. Attacks continued afterward.
On 22 July, no vessel passed through the sea corridor. The Ukrainian government called the disruption "deliberate economic and humanitarian terror," coming at the height of the harvest season.
Ukraine convened an urgent session of the UN Security Council over the attacks, calling on all states — particularly those "which this directly concerns" — to demand that Russia stop striking shipping. Separately, the Southern Mining and Processing Plant (Pivdennyi HZK) announced it was suspending extraction and temporarily scaling back operations.


Ukraine's Ministry of Agrarian Policy and Food has asked the European Commission for €220 million ($253 million) in grants to keep its small and medium farmers afloat, after Russian strikes on the Greater Odesa ports severed the sea route that carries most of the country's agricultural exports. The money would cover interest on loans issued under the state "Affordable Loans 5-7-9%" program, the ministry's press service said.
The request marks the point where Russia's Black Sea campaign stopped being a shipping story and became a farm-finance one. With the corridor all but stalled, the ministry projects exports for the 2026/2027 season could fall by almost half, from 64.4 million to about 29.6 million tonnes. Grain the farmers have already harvested is piling up in silos the ministry expects to be full by October, and without cash from those sales, producers cannot finance the autumn sowing that plants next year's crop.
The grant is small next to the hole it is meant to plug. Ukraine estimates its farm sector will take in roughly €6.4 billion this season against €11.2 billion in operating costs, and will need about €4 billion in working capital just to keep running. The €220 million would not cover that gap directly. Instead, by subsidizing interest, it is designed to unlock a credit portfolio of up to €4 billion ($4.6 billion) at a rate to farmers of no more than 10%, open to small and medium producers that meet the program's environmental and social criteria. Wheat exports alone could otherwise drop from 17.6 million to 8.3 million tonnes.
Through July, Russia intensified strikes on civilian cargo ships in the Black Sea corridor, killing crew members and, on 22 July, halting traffic entirely — not a single vessel passed that day, at the height of the harvest. Ukraine's government called it "deliberate economic and humanitarian terror." Around 90% of Ukraine's farm exports normally move through three Odesa Oblast ports, and Agriculture Minister Taras Vysotskyi has said the rail, road, and Danube routes that remain can carry only about half the lost volume.
The squeeze is already reaching the fields. Oilseed and grain prices have fallen about 30% as unsold stock backs up inside the country, and the ministry puts direct losses to the sector this year at between $1.5 billion and $3 billion. The government has lowered minimum export prices on some products to keep trade moving, and Prime Minister Serhii Koretskyi has said it is expanding a separate program of grain-backed loans so farmers can borrow against stored crops rather than sell them cheap.
Whether Brussels funds the €220 million request, and how fast, will help decide how much of this year's harvest gets planted — and how much stays stranded in silos while the ports stay shut.