Crypto World
Why Russia Is Choking Ukraine’s Black Sea Ports
European support for Ukraine remains strong, and governments suffering from higher prices are more likely to blame Moscow than Kyiv. But Putin is now so anxious for battlefield wins that he will stay the course even without a clear-cut victory. Nor should we expect a revival of the agreement brokered by the United Nations in July 2022 that restored safe maritime traffic to and from Ukrainian ports.
Just as the standoff in the Strait of Hormuz has sent neighboring countries scrambling for new ways to move oil out of the Persian Gulf, Ukraine may be able to move grain through the Danube, via Romanian ports, and by rail, as it did in the war’s early days. But as before, diversions are costly and logistically complicated.
For all these reasons, the shape of Russia’s war on Ukraine will continue to shift as each side searches for new ways to break the battlefield stalemate in its favor. And the economic damage, felt well beyond Ukraine and Russia, will continue.
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