Russia and Ukraine report casualties as they continue to trade attacks

Core Impact Points

• Ukraine has hit Russian oil refineries several times, causing fuel shortages across the country.
• Russia has struck Ukrainian cities, including Dnipropetrovsk, and a cargo vessel near Odesa, resulting in casualties on both sides.
• Ukraine has also disrupted Russian supply routes north of the Sea of Azov, causing acute fuel shortages and blackouts in the occupied Crimean peninsula.
• Ukrainian forces have targeted Russian logistics centers, oil refineries, and a maritime terminal, as part of their deep and mid-range strikes against Russian infrastructure.
• The conflict has affected global markets, with the Russian Union of Grain Exporters and Producers warning that Ukrainian attacks on shipping in the Black Sea could lead to a complete blockage of grain export corridors, causing prices to rise.
• The US market may be indirectly affected by the conflict, as Russia is a major wheat exporter, and any disruptions to global grain supplies could impact food prices and availability.