The Globe and Mail reports in its Thursday edition that Russia bombarded the port city of Odesa for a second consecutive day Wednesday, damaging agricultural infrastructure, including a terminal partly owned by the Canada Pension Plan Investment Board.
The Globe's Mark MacKinnon writes that the attacks come on the heels of a Kremlin announcement Monday that it was ending a year-old pact that allowed for the safe passage of Ukrainian agricultural products through a Russian naval blockade.
Odesa was the main centre of operations for the Black Sea Grain Initiative, a deal the United Nations credited with bringing 33 million tonnes of corn, wheat and other grains to market, lowering world food prices by 20 per cent.
Late Wednesday, Russia's Defence Ministry further increased the tension with a warning that, as of midnight Moscow time, "all ships proceeding to Ukrainian ports in Black Sea waters will be considered as potential carriers of military cargo."
Ukraine had previously suggested that it would ask grain carriers to continue shipments, even though Russia had withdrawn its guarantee of safe passage.
The Ministry of Agriculture reported that 60,000 tonnes of grain were destroyed in Wednesday's attack.
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