Ukraine's attack on disrupting Black Sea shipping and Russia's proposed moratorium on food export taxes

The recent attacks by Ukraine have disrupted Black Sea shipping, and Russia is considering a moratorium on floating export tariffs on wheat, barley and maize, which could last until the end of 2026. The attacks in Ukraine have led to disruption of transport in the Black Sea and the Azov Sea, and Russian food exporters face growing logistical problems. One person close to the Russian Government indicated that the Government had put a moratorium on this tax as one of several measures to support the agricultural sector. The recent increase in attacks on commercial Black Sea vessels and ports in Russia and Ukraine has raised market concerns about food supplies. Together, they account for more than a quarter of global wheat exports and are now in the food harvest this year。