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Read previewTaking a cue from Ukraine's use of naval drones to offset a superior Russian fleet, Taiwan has unveiled a much larger unmanned kamikaze boat that could devastate a Chinese amphibious force. But if not this one, Taiwan will certainly field some kind of unmanned attack boat to try to stop a Chinese invasion or blockade. AdvertisementBoth Taiwan and America are looking to what has become the gold standard in naval drone warfare: Ukraine's campaign in the Black Sea. Instead, Russia's Black Sea Fleet has retreated from Ukrainian waters. In part this is because of land-based anti-ship missiles such as the Neptune, which sank the cruiser and Black Sea Fleet flagship Moskva in 2022.
Persons: , Samuel Paparo, Paparo, Magura, Michael Peck Organizations: Service, Liberty Times, Business, Pacific Command, Washington Post, US, Sea Fleet, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russian, Taiwan, China, America, Ukraine, Moskva, Japan, Forbes
Along with two other vessels, these Russian navy assets were scheduled to be stationed in Cuba for a five-day visit. This story is available exclusively to Business Insider subscribers. Russia's reassurances that the vessels in Cuba pose no harm come in spite of the fact that they are some of the Kremlin's most lethal military assets. Related storiesThe Cuban foreign ministry, for its part, echoed Russia's sentiments, saying that the vessels pose no threat, per Reuters. Representatives for the US Southern Command and Russian defense ministry didn't immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: , Dmitry Peskov, Gorshkov, Sabrina Singh, Helena, Russia's, didn't Organizations: Service, Russian, Business, Reuters, NATO, Pentagon, Department of Defense, Southern Command, US Southern Command, Business Insider Locations: Russia, Cuba's, Havana, Caribbean, Cuba, Gorshkov Russian, Cuban, United States, Ukraine, Los Angeles, Guantanamo
Read previewA US Navy nuclear-powered attack submarine arrived in Cuba on Thursday, the Pentagon revealed, putting the American combat vessel in the Caribbean nation at the same time as one of Russia's most formidable subs. AdvertisementThe Los Angeles-class attack submarine USS Helena transits the Atlantic Ocean. One of these vessels is the Kazan, a Yasan-class nuclear-powered cruise missile submarine. A spokesperson for SOUTHCOM said that the Helena's arrival in Cuba was not a direct response to the Russian naval vessels. AdvertisementThe Russian nuclear-powered submarine Kazan arrives at Havana's harbor on June 12.
Persons: , Helena, Rafael Martie, SOUTHCOM, ADALBERTO ROQUE, Dmitry Peskov, it's, Sabrina Singh, We're, Singh Organizations: Service, US Navy, Pentagon, US Southern Command, Business, Getty Images, US, Kremlin Locations: Cuba, Caribbean, Helena, Guantanamo Bay, SOUTHCOM's, Los Angeles, Angeles, Havana, Kazan, United States, Havana's, Moscow, Russia, Ukrainian, Washington, Ukraine, Kyiv
Russia is using four submarines to monitor the Black Sea, a Ukrainian official told national TV. Dmitry Pletenchuk said three were cruise missile carriers and that two "periodically" go to sea. AdvertisementRussia has started using submarines to patrol the Black Sea after suffering major naval losses, according to a Ukrainian official. Dmitry Pletenchuk, a spokesman for Ukraine's southern military command, made the statement on Ukrainian national television on Monday, per Ukrainska Pravda. According to Pletenchuk, Russia is now deploying four submarines, three of which are cruise missile carriers, to patrol the Black Sea.
Persons: Dmitry Pletenchuk, Organizations: Service, Ukrainian, Business Locations: Russia, Pletenchuk
CNN —Ukraine’s military on Sunday said it had destroyed one of Russia’s newest and most advanced fighter jets in a drone strike on a military base deep inside Russia. Ukrainian forces said they successfully destroyed one of Russia's most advanced combat jets, SU-57, in a drone strike on a military base deep inside Russia. Flight Global’s “World Air Forces 2024” directory lists 14 Su-57s as active and another 62 as on order. TASS reported in 2022 that Russian forces will receive a total of 22 Su-57s by the end of this year. If the reports of the Ukrainian drone strike deep inside Russia prove true, it marks another success of Kyiv’s low-cost drones taking out high-value Russian assets.
Persons: CNN —, Sukhoi Su, , Oleg Nikishin, Sergey Shoigu, Su, ” Shoigu, GUR, Jill Dougherty, , ” Dougherty Organizations: CNN, NATO, Air, Russian, Ukrainian, Ukraine, TASS, Air Forces, Russian Aerospace Forces, Foreign Policy Research Institute, Institute for Locations: Russia, Astrakhan, Ukraine, Western, Zhukovskiy, Syria, Russian, Moscow
D-Day is more than the largest amphibious invasion in history. The US Navy now aims for enough amphibious capacity to land just two Marine brigades on a hostile shore. Universal History Archive/UIG via Getty ImagesIn World War II, the best way to stop an amphibious invasion was before the first troops stepped onto the beach. If the defender's navy and air force could destroy or turn back an invasion fleet, the landing would never take place. An enemy that has these can threaten the invasion armada and the landing force it launches as it chugs to the beach.
Persons: Ryan, Hitler, Michael Peck Organizations: Service, US Army, British Army, Navy, Royal Navy, Royal Canadian Air Force's, Hornet, Allies, US Navy, US Air Force, 82nd Airborne, US Troops, Getty, Luftwaffe, Allied, Spy, Argentine Air Force, Russian Navy, Helicopters, U.S . Navy, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Normandy, Europe, Britain, Omaha, Russo, Ukraine, Soviet, Pacific, Sicily, Salerno, Anzio, Omaha Beach, Russia, China, Iran, North Korea, Ukrainian, Bikini, Hiroshima, Nagasaki, Forbes
Read previewUkraine is using its arsenal of exploding naval drones to hunt down smaller Russian vessels instead of the larger Black Sea Fleet warships, which Moscow pulled back to reduce their vulnerability to attacks. Kyiv has relied on a fleet of homemade Magura V5 and Sea Baby drones packed with explosives to carry out devastating missions against ships of the Russian Black Sea Fleet throughout the war. Russia has relied on these types of defenses — along with moored barges — to try to protect its ports from Ukraine's naval drones. Last month, for instance, Kyiv used its naval drones to conduct multiple operations against Russian patrol boats near Crimea. Lacking a proper navy of its own, Kyiv has relied on naval drones and long-range anti-ship missiles to wage an asymmetrical style of warfare against the Black Sea Fleet.
Persons: , HUR, @DI_Ukraine Organizations: Service, Moscow, Ukrainian, Directorate of Intelligence, Business, , Russian, Ukraine, Black Locations: Ukraine, Russian, Crimean, Ukrainian, Kyiv, Crimea, pic.twitter.com, Russia, Black, Moscow
What Ukraine Has Lost
  + stars: | 2024-06-03 | by ( Marco Hernandez | Jeffrey Gettleman | Finbarr O Reilly | ) www.nytimes.com   time to read: +21 min
What Ukraine Has Lost A drone photograph shows numerous severely damaged buildings with labels highlighting residential buildings, a football field and a high school. This is the first comprehensive picture of where the Ukraine war has been fought and the totality of the destruction. More buildings have been destroyed in Ukraine than if every building in Manhattan were to be leveled four times over. In mid-May, the Russians bombed some towns in northeastern Ukraine so ferociously that one resident said they were erasing streets. “No matter how unpatriotic it may sound, there’s not much future for her in Ukraine,” Ms. Hrushkovska said.
Persons: it’s, Corey Scher, Den, Finbarr, Jamon, Diego Ibarra Sánchez, Marinka, , Iryna Hrushkovksa, , Hrushkovska’s, Hanna Horban, ” Ms, Hrushkovska, ” Marinka, Celestino Arce, Tyler Hicks, Laura Boushnak, Finbarr O’Reilly, Horban, Horban’s, Vova, Svitlana Moskalevska, Olha Herus, “ Fish, Jan, Serhii Nuzhnenko, Gleb Garanich, Leonid Ragozin, Varvara, Herus’s, Tetiana, Ms, Herus, Reni, Izmail, Vavara, Varvara Hrushkovska, Hanna Kovalenko, “ It's, ” Artem Hoch, Danylo Organizations: New York Times, City University of New York Graduate Center, Den Hoek of Oregon State University, The New York Times, Copernicus Sentinel, Maxar Technologies, Google, Russia’s Defense Ministry, Ukraine ., Museum of Local, People’s Museum, Getty, Ukrainian Army, Reuters, SHEVCHENKA, SHCHORSA, New York, Kyiv Kharkiv, Ukrainian, Chernihiv Kyiv Kharkiv UKRAINE Dnipro, Kherson Mariupol, Kyiv Kharkiv UKRAINE Mariupol, Microsoft Bing, Institute for, American, The New York Locations: Ukraine, Russia, Marinka, Kyiv, Mariupol, Rubizhne, Kherson, Kharkiv, Manhattan, Dresden, London, Gaza, Den Hoek of, Geneva, Donetsk, Izium, Den Hoek, Crimea, Russian, Donetsk City, Vilkhivka, Huliaipole, , Ukrainian, Berlin, Pavlograd, Soviet Union, NurPhoto, Kolos, Marinka — Donetsk, Donetsk People’s Republic, іі, Marinka’s, Irpin, Ukraine’s, Bakhmut, Ukrainians, Zaporizhzhia, Orikhiv, Dnipro, Nova, Oleshky, Donbas, Chernihiv Kyiv Kharkiv UKRAINE, CRIMEA, Kyiv Kharkiv UKRAINE
Read previewAnother US MQ-9 Reaper drone came down in Yemen, images appear to show, marking the third loss during the conflict with Houthi rebels in the last month, an Associated Press report said. pic.twitter.com/pNeRJ5Kkei — Megatron (@Megatron_ron) May 29, 2024Houthi spokesman Yahya Saree claimed his fighters shot dow the US Reaper drone in northern Yemen. AP said it was the third report of a downing of an expensive Reaper drone in the last month. The news agency also approached the CIA regarding the downing of the Reaper drone, but it declined to comment. "The MQ-9 Reaper may not be survivable in an environment characterized by large-scale combat operations."
Persons: , Houthis, Hou, tod, Rea, Ros Organizations: Service, Associated Press, US Navy, Business, dow, Uni, kr Locations: Yemen, Israel, Gaza
Ukraine said it used sea drones to take out two Russian naval vessels on Thursday. It's the latest Ukrainian attack on Russia's Black Sea Fleet, which has been forced to disperse. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFootage shared by Ukraine's intelligence service on Thursday showed what it claims are two of its sea drones striking Russian naval vessels near Crimea. Ukraine intelligence said the attack on the two ships was carried out using Magura V5 drones, and that Russia tried to neutralize the drones using combat aircraft, artillery, and small arms.
Persons: Organizations: Service, Main Directorate of Intelligence, Ministry of Defense, Business Locations: Ukraine, Crimea, Russian, Russia
Ukraine is facing off against Russia's formidable Black Sea Fleet. How are Ukraine's cheap unmanned sea drones and Western missiles taking down Russian warships worth hundreds of millions of dollars? This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Organizations: Russia's, Western, Business Locations: Ukraine
Advertisement"The military logic of allowing Ukraine to use weapons against targets in Russia is straightforward," he said, but "there are structural limits, which Ukraine is now facing." AdvertisementOn Tuesday, France said Ukraine should be allowed to use Western weapons to hit targets in Russia — but only sites that Russia is using to launch attacks on Ukraine. Related storiesThree unnamed officials told Politico on Thursday that Ukraine can now use US-supplied weapons to strike inside Russia. AdvertisementUkraine could also struggle to develop the intelligence needed to find and quickly strike targets farther inside Russia. Advertisement"This does not mean that allowing Ukraine to hit targets in Russia will not help — but it is clearly not a silver bullet to win the war," he said.
Persons: , Keir Giles, should've, Alexander Libman, Vladimir Putin, hadn't, Volodymyr Zelenskyy, Giles, John Hardie Organizations: Service, Business, Chatham House's, Eurasia Programme, Free University of Berlin, NATO, Politico, Times, Russia's, Foundation for, Defense of Democracies, Ukraine, New York Times, EU, intel Locations: Russia, Ukraine, Chatham House's Russia, Eurasia, Kharkiv, Ukraine's, France, Ukrainian, London, Russian
Read previewUK drones given to Ukraine have been used to take out more than $1.2 billion worth of Russian military gear, according to the UK's defense secretary, citing Ukrainian figures. "Our Ukrainian partners conservatively estimate that UK drones have destroyed over £1 billion worth of Russian hardware," Grant Shapps told a delegation of Ukrainian ministers at a defense forum in London on Monday, per The Telegraph. Related storiesHe also mentioned one-way attack drones that are "making their mark," and drones that guide artillery and missiles toward Russian targets. In March, the UK's Ministry of Defence announced it would deliver an additional 10,000 drones to Ukraine, as part of its latest $413 million military aid package. In February, Ukraine announced it was setting up a separate branch of its military focused purely on drone warfare.
Persons: , Grant Shapps, Shapps, DragonFire — Organizations: Service, Business, UK's Ministry of Defence, UK Ministry of Defence Locations: Ukraine, London, Russia, Crimea, Dnipro
Read previewUkraine's navy claims it has likely destroyed the last of Russia's cruise missile carriers operating out of the crucial Black Sea peninsula of Crimea. If confirmed, it would mean there is no longer a Russian missile carrier based out of the key peninsula, he told the outlet. Russia seized Crimea from Ukraine in 2014, and it is home to Russia's Black Sea Fleet headquarters at Sevastopol. The move came amid Ukraine's ongoing campaign against Russian Black Sea ports and warships, using cruise missiles and drones. In April, Ukraine claimed to have destroyed or damaged a third of the Russian fleet.
Persons: , Dmytro Pletenchuk, KCHF.ru, Pletenchuk, Radio Svoboda Organizations: Service, Radio Free, Business, Fleet, Black, Russian Telegram, Radio, Russian Locations: Crimea, Russian, Russia, Ukraine, Sevastopol, Radio Free Europe, Crimean, Ukrainian, Novorossiysk
Ukrainian drones hit Novorossiysk port, causing a fire and power outages, reports say. The attack follows heightened defenses at the port after previous Ukrainian strikes on Crimea. Novorossiysk is vital for Russia's oil exports and naval operations in the Black Sea. AdvertisementThe Russian port of Novorossiysk, which has become an important base for the Black Sea Fleet after repeated attacks on its traditional base in Crimea, has been targeted by Ukrainian drones and missiles. This attacks follows previous reports by the UK Ministry of Defence indicating that Russia has been bolstering defenses at the Novorossiysk port to protect its Black Sea Fleet from potential Ukrainian attacks.
Persons: Organizations: Service, Black, UK Ministry of Defence, Business Locations: Novorossiysk, Crimea, Russia
Ukraine says it has destroyed a Russian minesweeper in the Black Sea. The Ministry of Defense of Ukraine celebrated the loss of the Kovrovets minesweeper on X.Ukraine claims to have destroyed or disabled a third of Russian ships in the Black Sea during the war. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUkrainian forces destroyed Russia's Kovrovets sea minesweeper, the Ukrainian Navy reported on Telegram. "The Naval Forces of the Armed Forces of Ukraine, together with their comrades, continue to bring us closer to victory," the Ukrainian Navy wrote on its Telegram channel.
Persons: Organizations: Ministry of Defense, Service, Ukrainian Navy, Naval Forces of, Armed Forces of Locations: Ukraine, Russian, Armed Forces of Ukraine
At least 51 drones were intercepted overnight in Crimea, Russia’s Ministry of Defense said. Ukraine’s military did not immediately comment on the attacks. Internet connectivity in Sevastopol dropped to about 16 percent, according to NetBlocks, an internet monitoring group. Ukraine’s military has made some of its most significant progress with its operations in the Black Sea. After Russia withdrew from an agreement allowing Ukraine to resume some export shipments through the sea, Ukraine’s military began a campaign to drive out the Russian Navy.
Persons: Mikhail Razvozhaev Organizations: Russian, Schools, Russia’s Ministry of Defense, Russia, Russian Navy Locations: Crimean, Sevastopol, Russian, Crimea, Russia’s, Novorossiysk, Ukraine
Ukraine may have launched its biggest drone attack ever, per the Kyiv Independent. Russia shot down a total of 102 aerial and six naval sea drones overnight, it said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUkraine appears to have launched its biggest drone attack ever, with reports of explosions at two major Russian ports.
Persons: Organizations: Kyiv Independent, Service, Russia's Defense Ministry, Fleet, Business Locations: Ukraine, Kyiv, Russia, Sevastopol, Novorossiysk, Russian, Crimea, Krasnodar, Kursk
CNN —Satellite images exclusively obtained by CNN show three destroyed Russian jets and damaged buildings at Belbek airbase in occupied port city of Sevastopol on Wednesday. Satellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite image ©2024 Maxar TechnologiesSatellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite image ©2024 Maxar TechnologiesSatellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024.
Persons: Mikhail Razvozhaev, , ” Razvozhaev, Belbek, Dmytro Pletenchuk, , Volodymyr Zelensky, don’t, Christopher Cavoli, ” Zelensky, Vladimir Putin, Xi Jinping Organizations: CNN, Ukrainian, ” CNN, Black, NATO, Allied Locations: Sevastopol, Crimea, Russia, Belbek, Russian, Belbek Airbase, Ukrainian, Atesh, Moscow, Ukraine, Azov, Kharkiv, Vovchansk, Ukraine’s, Brussels, Beijing, China
CNN —Satellite images exclusively obtained by CNN show three destroyed Russian jets and damaged buildings at Belbek airbase in occupied port city of Sevastopol on Wednesday. Satellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite image ©2024 Maxar TechnologiesSatellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite image ©2024 Maxar TechnologiesSatellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024.
Persons: Mikhail Razvozhaev, , ” Razvozhaev, Belbek, Dmytro Pletenchuk, , Volodymyr Zelensky, don’t, Christopher Cavoli, ” Zelensky, Vladimir Putin, Xi Jinping Organizations: CNN, Ukrainian, ” CNN, Black, NATO, Allied Locations: Sevastopol, Crimea, Russia, Belbek, Russian, Belbek Airbase, Ukrainian, Atesh, Moscow, Ukraine, Azov, Kharkiv, Vovchansk, Ukraine’s, Brussels, Beijing, China
This has given Russian forces the chance to make small but steady gains. It's one of 30 settlements that have seen heavy bombardment by Russian forces, Kharkiv Governor Oleh Syniehubov said on Monday. AdvertisementHolding on until Western aid comesMeanwhile, chronic delays in Western support has left Ukraine badly under-supplied in ammunition. Advertisement"This year represents a window of opportunity for Russia," military analyst Michael Kofman told the Times. "But if the Russian military is not able to turn these advantages into battlefield gains and generate momentum, there's a fair chance that this window will begin to close as we enter 2025."
Persons: , Volodymyr Zelenskyy, Zelenskyy's, Sergii Nykyforov, Nykyforov, EFE, King Felipe VI of Spain, Zelenskyy, Hamish de Bretton Gordon, Bretton Gordon, Vladimir Putin, George Barros, Chasiv Yar, Kyryo Budanov, Oleh Syniehubov, Ann Marie Dailey, Russia's, Emmanuel Macron's, de Bretton Gordon, Michael Kofman Organizations: Service, Business, Telegraph, British, Institute, Associated Press, New York Times, BBC, Kharkiv, RAND, Fleet, Russian, Politico, Times Locations: Ukraine, Russia, Spanish, Portugal, Ukrainian, Donetsk, Kharkiv, Chasiv Yar, Vovchansk, Russian, Ukraine's, prevarication, it's
Seoul, South Korea CNN —Ghost Shark and Manta Ray protect the undersea realm. Ghost Shark and Manta Ray are the names of prototype uncrewed underwater vehicles – UUVs or drones – introduced recently by Australia and the United States respectively. But when Australia unveiled Ghost Shark last month, it called the prototypes “the most advanced undersea autonomous vehicles in the world.”The first Ghost Shark prototype, "Alpha," was co-developed by the Defence Science and Technology Group, Navy and Anduril Australia. Like the Orca, the Manta Ray hasn’t come together as quickly as Ghost Shark. Its program began in 2020 and DARPA didn’t give a goal for the Manta Ray – or some variant of it – to join the US fleet.
Persons: Ray, Manta Ray, Rodney Braithwaite, ” Shane Arnott, Anduril’s, , Tanya Monro, Emma Salisbury, , ” Salisbury, Chris Brose, Northrop, Manta, Northrop Grumman, ” Kyle Woerner, Kyle Woerner, Manta Ray hasn’t, Manta Ray –, , Salisbury, Sutton Organizations: South Korea CNN, Marvel, Defence Science, Technology Group, Navy, Anduril, Government Defence, Australian Defense Ministry, , US Navy, Boeing, Pentagon, Advanced Research Products Agency, DARPA, Research Projects Agency, Northrop Grumman, Manta, Defense, Research, Agency, US, U.S . Navy Locations: Seoul, South Korea, Australia, United States, Iraq, Afghanistan, Ukraine, Kyiv, Swiss, Anduril Australia, Geostrategy, Southern California, Maryland, California, China, UUVs, Beijing, Canada, France, India, Iran, Israel, North Korea, Norway, Russia, United Kingdom, Sutton
Putin replaced his longtime defense minister Sergei Shoigu with an economist Andrey Belousov. AdvertisementRussian leader Vladimir Putin is replacing his longtime defense minister Sergei Shoigu, 68, with an economist. On Sunday, Putin named former deputy prime minister and economic development minister Andrey Belousov, 65, as his new defense chief. Shoigu, who served as defense minister since 2012, now runs Russia's Security Council instead, taking over from Putin ally Nikolai Patrushev. Representatives for Russia's defense ministry didn't immediately respond to a request for comment from BI sent outside regular business hours.
Persons: Vladimir Putin, Putin, Sergei Shoigu, Andrey Belousov, Belousov, , Dmitry Peskov, Shoigu, Nikolai Patrushev, Peskov, Timur Ivanov, Admiral Sir Tony Radakin, Wagner, Yevgeny Prigozhin, Prigozhin, Shoigu's, It's, didn't Organizations: Sunday, Service, TASS, Russian Ministry of Defense, Security, Putin, Industrial Commission, CNN, BI Locations: Shoigu, Russia, Ukraine
US F-16s will have a big impact in helping Ukraine reclaim Crimea, an analyst told BI. AdvertisementThe delivery of US-made F-16s could play a crucial role in Ukraine's attempts to take back occupied Crimea, a defense expert told Business Insider. In the latest blow on Monday, Ukraine used an exploding naval drone to destroy a Russian military speedboat in Crimea. Explosion causes fire at the Kerch bridge in the Kerch Strait, Crimea on October 08, 2022. There are signs that these attacks are forcing Russia to rethink its use of the peninsula and the Kerch bridge.
Persons: , Ukraine's, Frederik Mertens, Mertens, Putin, Vera Katkova, Molfar Organizations: Service, Hague, Strategic Studies, Kharkiv, US, The New York Times, Army Tactical Missile Systems, Sea, Russian Defense Ministry Press Service, AP, Fleet, Anadolu Agency, Getty Locations: Ukraine, Crimea, Denmark, Norway, Belgium, France, Romania, Kerch, Ukraine's, Russian, Russia, The, Sevastopol
Wheat prices have surged over the past month, climbing to their highest level since August. Higher wheat prices could stoke inflation, which is already running hotter than expected in the US. AdvertisementWheat prices have soared to their highest level in eight months thanks to a series of disruptions stemming from geopolitical conflict and extreme weather events. Russia has attacked key grain hubs in Ukraine, which caused wheat prices to skyrocket in 2023. Higher wheat prices could stoke inflation, which has clocked in hotter-than-expected in the US for the last three months.
Persons: Organizations: stoke, Service, Bloomberg Locations: Chicago, Europe, Ukraine, Russia, Australia
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