Attacks on ships in the Black Sea led to an increase in insurance premiums

Russian strikes on port infrastructure and ships in Ukrainian ports have led to the return of the “risk premium” in the Black Sea.

This is reported by Bloomberg.

On the night of December 22-23, a Russian drone damaged port infrastructure and a civilian ship in the Odessa region. According to analysts, the strikes led to the return of the so-called “risk premium” in prices, which had previously almost disappeared amid news of “peace talks”.

Also, world wheat prices are holding near a weekly maximum against the background of increasing tensions in the Black Sea and risks to supplies from this region.

Wheat futures in Chicago, after growing by 1.7% the day before, remained mostly stable.

Earlier, USM reported that grain exports have reoriented to the western borders, while ports are stalled due to Russian attacks.