Russia and Ukraine will sign an agreement on Friday to reopen Ukrainian Black Sea ports for grain exports, according to Turkey and the UN, bolstering optimism that a worldwide food crisis exacerbated by Russia’s invasion might be alleviated. 

ECONOMY

  • Turkish President Tayyip Erdogan said he will offer the world good news on grain exports when Ukrainian and Russian delegations sign an agreement under a United Nations plan to begin Kyiv’s grain exports later on Friday.
  • According to industry executives and African authorities, Europe’s hunger for oil and gas to replace sanctioned Russian supplies is renewing interest in African energy projects that were previously avoided owing to prices and climate change concerns. 
  • In its annual defense white paper, Japan warned of rising national security concerns, including the fallout from Russia’s conflict in Ukraine, Chinese intimidation of Taiwan, and susceptible technological supply networks. 
  • A tanker carrying a liquid fertilizer product from Russia is on its way to the United States, according to sources and vessel monitoring data. In the wake of the Ukraine invasion, the United States has not banned Russian agricultural supplies, including fertilizers. Nonetheless, many Western banks and businesses have avoided Russian supply for fear of violating quickly shifting restrictions. 
  • The Kremlin denied on Friday that a turbine for the Nord Stream 1 pipeline, which transports gas from Russia to Germany, was stalled in transit. According to two persons acquainted with the situation, Russia has not yet granted the go-ahead to bring the turbine back to Russia. 

FIGHTING

  • Any “provocations” by Russia about an agreement to reopen Ukrainian ports for grain exports would be met with a military reaction, according to Ukrainian presidential advisor Mykhailo Podolyak on Friday.
  • Russia’s defense ministry claimed on Friday that its troops destroyed four high mobility artillery rocket systems (HIMARS) provided by the United States between July 5 and July 20. 
  • A senior US defense official said on Friday that the US estimates Russia’s military is suffering hundreds of losses every day in its battle in Ukraine, including thousands of lieutenants and captains. 
  • Due to significant shortages of specialized ground-attack missiles, Russia has boosted its employment of air defense missiles in a secondary ground attack mode, according to British military intelligence on Friday. more info The combat reports could not be verified right away.

Source: Reuters

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