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Zelenskiy Says Russia Rejects Limited Grain‑Ship Ceasefire, Offers Third‑Party Vessels

This standoff raises the risk of longer disruptions to global grain and oil shipments.

Overview

  • Ukrainian President Volodymyr Zelenskiy proposed that third‑country ships pick up Ukrainian grain and said Kyiv would not target those vessels, but he said Moscow is "not ready" to accept a narrow ceasefire for Black Sea shipments.
  • Zelenskiy said Russia seeks a quid pro quo that would stop attacks on Ukraine’s grain corridor only if Kyiv halted strikes on Russian energy infrastructure, a demand Moscow has used to reject limited deals as "half‑measures."
  • Ukraine has stepped up long‑range strikes on Russian economic targets, including damage that forced some grain terminals to suspend operations and disrupted port activity on Russia’s Black Sea coast.
  • French President Emmanuel Macron and other Western leaders have urged tougher action to disrupt Russia’s opaque commercial shipping networks known as the "shadow fleet" and to tighten sanctions coordination.
  • Market and prediction‑market signals now show lower odds of a near‑term ceasefire and suggest continued risks to food and fuel supplies for countries that rely on Black Sea export routes.