
AI-generated summary
Russia continues to cut off Ukraine’s Black Sea agricultural exports through drone and missile attacks.
On October 28, a merchant ship was sunk by a Russian drone in the waters near the Black Sea in Bulgaria.
The Russian military has recently launched large-scale drone and missile attacks in the Black Sea. In recent weeks, it has bombed at least 12 merchant ships, killing at least 30 crew members or missing. The number of casualties has even exceeded the number of casualties in the Iran war. This wave of attacks has even spread to the territorial waters and exclusive economic waters of North Atlantic Treaty Organization (NATO) member states such as Romania and Bulgaria, seriously threatening the global food supply chain and maritime navigation security.
According to a "CNN" report, the Russian military has recently combined surface and aerial drones, and for the first time deployed jet-powered drones that are faster and more difficult to intercept, aiming to cut off Ukraine's agricultural exports through Black Sea ports.
Attacks have escalated significantly since early October, with many container ships and chemical tankers sailing along the coasts of Romania and Bulgaria being sunk or caught on fire. Ukrainian Foreign Minister Andrii Sybiha criticized Russia's actions as turning the Black Sea into a "dangerous no-go zone for civilian shipping." Maritime intelligence agencies also warned that the waters of NATO countries can no longer be considered absolutely safe.
Faced with Russia’s blockade tactics, Ukraine’s wheat exports in September have halved from the same period last year. Although Mark Rutte, Secretary-General of Europe and NATO, said that defense deployment on the eastern flank has been strengthened, the London insurance market has classified the entire Black Sea as a high-risk area, leading to a sharp surge in shipping premiums, a sharp drop in port traffic, and a heavy blow to the export of wheat and sunflower oil, which account for a large proportion of global supply.
AI outlook — possibilities, not facts
The London insurance market will maintain the high risk rating of the Black Sea region and continue to increase premiums
Very likely · Within weeks

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