💢 The Economist reports that Russian strikes are inflicting hundreds of millions of dollars in damage on Ukrainian businesses, repeatedly hitting warehouses, logistics hubs and commercial facilities. Dmytro Krymsky, co-owner of retailer Goodwine, estimates that Ukrainian businesses suffered roughly $500 million in losses in just three weeks. Nova Poshta facilities have also been targeted, while attacks have increasingly extended to commercial shipping in the Black Sea.
Odessa’s ports have suffered some of the most serious disruption. As Russia intensified strikes on port infrastructure and shipping, The Economist says operations have become commercially unviable. The pressure comes at a critical point for Ukraine’s agricultural sector, which relies heavily on Black Sea routes to move grain and other agricultural products to foreign markets.
According to the report, Ukraine needs to sell around 50 million tonnes of grain this year. If it cannot, farmers could abandon the autumn sowing campaign, with potential losses to the sector estimated at $10–12 billion, or roughly 5% of GDP. The Economist also warns that the logistics campaign may precede greater problems as Russia expands ballistic-missile production while Ukraine’s stocks of air-defense interceptors shrink.
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💢 The Economist reports that Russian strikes are inflicting hundreds of millions of dollars in damag
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