Russia’s grain policies help Ukraine secure sales

Russia’s grain policies help Ukraine secure sales
Russia's curbs on wheat exports have inadvertently helped Ukraine secure lucrative sales to Egypt this week while also inflating prices for the world's top importer, traders said. (Reuters/File)
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Updated 06 November 2024
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Russia’s grain policies help Ukraine secure sales

Russia’s grain policies help Ukraine secure sales
  • Egypt’s state grains buyer GASC bought 290,000 metric tons of wheat
  • Russia was kept out of the sale due to unofficial policies to prevent a price spike at home as the country seeks to combat inflation partly fueled by military spending

HAMBURG/CAIRO: Russia’s curbs on wheat exports have inadvertently helped Ukraine secure lucrative sales to Egypt this week while also inflating prices for the world’s top importer, traders said.
Egypt’s state grains buyer GASC bought 290,000 metric tons of wheat in an international tender on Monday. The purchase included 120,000 tons from Ukraine as well as 120,000 tons from Romania and 50,000 tons from Bulgaria.
Russia, the world’s top wheat exporter and Egypt’s most important supplier, was kept out of the sale due to unofficial policies to prevent a price spike at home as the country seeks to combat inflation partly fueled by military spending.
The restrictions, mostly not officially announced, include a minimum export price, export taxes and limiting sales of Russian grain by foreign trading houses.
“Had Russian exporters been allowed to offer realistic market prices, which would be much lower, I think they would have pretty much wiped up the Egyptian sale,” one trader said.
“The Russian moves are making Ukrainian supplies look more attractive, especially to importers in a difficult financial state like Egypt,” the trader added.
Russia’s agriculture ministry did not immediately respond to a request for comment on whether government grain export policies had led to the loss of business to Ukraine at this week’s Egyptian tender.
A trader in Ukraine said the Russian restrictions had provided more opportunites although the country had already realized about 60 percent of its potential sales this year.
“The cheapest supplier is leaving, so it’s probably not who wins but who loses,” the trader said, referring to how Russian policies could raise the cost of wheat for importers.
Hesham Soliman, a trader in Egypt, said Russia was holding off waiting for prices to rise and profitability to increase.
“This isn’t just about Russian export restrictions. Russia knows it controls the market and is acting accordingly,” he said, adding Egypt’s state buyer had pushed back by purchasing Black Sea wheat from other sources.
Noamany Nasr, a former adviser to Egypt’s supply ministry, said Russia frequently introduced subtle barriers to curb its own exports, whether to raise prices or for internal reasons.
“Ironically, this benefits Russia’s competitors.”
Egypt’s supply ministry said on Tuesday that after the purchase it now has strategic reserves for five months of consumption although traders expect it will need to secure additional supplies in coming months.
“There’s still supply in Romania where farmers have been holding onto a lot of their crop,” another European trader said.
“In Bulgaria, supply is gradually getting tighter. In Ukraine, there’s not a huge amount left, though they haven’t been shipping as vigorously as the Russians.”


Heavy gunfire erupts in South Sudan’s capital Juba

Updated 9 sec ago
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Heavy gunfire erupts in South Sudan’s capital Juba

Heavy gunfire erupts in South Sudan’s capital Juba
The gunfire began around 7 p.m. local time and continued sporadically for more than an hour before dying down
Analysts said the sacking of Akol Koor reflected a power struggle at the highest levels of government

NAIROBI: Heavy gunfire erupted in South Sudan’s capital Juba on Thursday evening after security forces moved to arrest the former head of the intelligence service, according to Reuters reporters and an alert sent to United Nations staff.
The gunfire began around 7 p.m. local time (1700 GMT) and continued sporadically for more than an hour before dying down, Reuters reporters said.
A UN safety alert to staff members in Juba, seen by Reuters, said the shooting was related to the arrest of the former head of the National Security Service (NSS). It urged UN staff to shelter in place.
In early October, President Salva Kiir dismissed Akol Koor Kuc, who had led the NSS since the country’s independence from Sudan in 2011, and appointed a close ally to replace him.
Reached by telephone, a military spokesperson said he was trying to establish what was going on.
Analysts said the sacking of Akol Koor reflected a power struggle at the highest levels of government. It came weeks after the transitional government that Kiir leads announced that elections expected in December would be postponed for a second time.
Rival factions loyal to Kiir and First Vice President Riek Machar fought a civil war from 2013 to 2018 that resulted in hundreds of thousands of deaths.
The two have governed together since then as part of a transitional government. There has been relative peace, but the opposing forces clash periodically in addition to frequent fighting among a patchwork of armed groups in rural areas.

Putin says hit Ukraine with new mid-range ballistic missile

Putin says hit Ukraine with new mid-range ballistic missile
Updated 35 min 29 sec ago
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Putin says hit Ukraine with new mid-range ballistic missile

Putin says hit Ukraine with new mid-range ballistic missile
  • Putin said in a televised address that Russia carried out “testing in combat conditions of one of the newest Russian mid-range missile systems”
  • Russia struck the central Ukrainian city of Dnipro with a barrage of missiles early Thursday

MOSCOW: Russian President Vladimir Putin said Thursday that the country’s forces had hit Ukraine with a new mid-range ballistic missile.
Putin said in a televised address that Russia carried out “testing in combat conditions of one of the newest Russian mid-range missile systems... Our engineers named it Oreshnik,” which means hazel tree in Russian.
Russia struck the central Ukrainian city of Dnipro with a barrage of missiles early Thursday.
The Ukrainian air force and President Volodymyr Zelensky accused Russia of apparently using an intercontinental ballistic missile, while Ukrainian experts were still examining the evidence to ascertain the type of missile used.
Putin said in his address that Russia launched a combined strike on a defense industry target in Ukraine.
He described Oreshnik as a “ballistic missile” that was deployed in this case “in a non-nuclear hypersonic configuration,” saying that the “test” had been successful and had hit its target.
Air defenses cannot intercept the Oreshnik, which attacks at a speed of Mach 10, or 2.5-3 kilometers per second, Putin said.
“Modern air defense systems... cannot intercept such missiles. That’s impossible,” he said.
“As of today there are no means of counteracting such a weapon,” the president boasted.
He said Russia was testing the Oreshnik in combat conditions “in response to the aggressive actions of NATO countries toward Russia.”


UK urged to honor ICC’s arrest warrants against Israeli leaders

UK urged to honor ICC’s arrest warrants against Israeli leaders
Updated 21 November 2024
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UK urged to honor ICC’s arrest warrants against Israeli leaders

UK urged to honor ICC’s arrest warrants against Israeli leaders
  • Warrants issued on Thursday against Israel’s ministers, officials of Hamas

LONDON: The British government has been urged by the Council for Arab-British Understanding to immediately honor International Criminal Court arrest warrants issued against Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.

The ICC issued the warrants on Thursday for Netanyahu, Gallant, and an official of Hamas, accusing them of war crimes and crimes against humanity over the war in Gaza and the attacks on Oct. 7, 2023, that triggered Israel’s offensive in the Palestinian territory.

CAABU director Chris Doyle emphasized the gravity of the situation, accusing the UK government of failing to hold Israel accountable for its actions in violation of international law.

Doyle said: “This decision highlights how woefully the UK government has handled the situation of Israeli atrocities and war crimes.

“It now must demonstrate, with concrete action, that this government will honor its pledge to uphold respect for international law and the ICC by abiding in full with the ICC decision.”

Doyle also called for immediate measures, including a full arms embargo on Israel, the cessation of military and security cooperation, and an end to arms sales while atrocities were allegedly being carried out in Gaza.

CAABU warned that failure to comply with the ICC’s warrants could severely damage the UK’s international standing, making it complicit in alleged crimes against humanity, including forced displacement, apartheid, and genocide.

“The UK’s reputation globally would be trashed,” Doyle cautioned.

The organization stressed that the ICC’s warrants represented a crucial step toward justice and accountability for Palestinians. However, Doyle stressed the need for swift action.

He said: “There is no time to wait; justice delayed is justice denied. The UK needs to uphold international law, accountability, and ensure justice with immediate effect by complying with these arrest warrants.”

The UK government has yet to issue a formal response to the ICC’s decision.


UK says it respects ICC independence as court issues arrest warrants

UK says it respects ICC independence as court issues arrest warrants
Updated 21 November 2024
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UK says it respects ICC independence as court issues arrest warrants

UK says it respects ICC independence as court issues arrest warrants
  • PM Keir Starmer’s spokesperson said: “We remain focused on pushing for an immediate ceasefire to bring an end to the devastating violence in Gaza”

LONDON: Britain respects the independence of the International Criminal Court, Prime Minister Keir Starmer’s spokesperson said on Thursday, after it issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu, his ex-defense chief and a Hamas leader.
“We respect the independence of the International Criminal Court, which is the primary international institution for investigating and prosecuting the most serious crimes of international concern,” the spokesperson told reporters.
“There is no moral equivalence between Israel, a democracy, and Hamas and Lebanese Hezbollah, which are terrorist organizations. We remain focused on pushing for an immediate ceasefire to bring an end to the devastating violence in Gaza.”


Russia fires what appears to be intercontinental ballistic missile at Ukraine, Kyiv says

Russia fires what appears to be intercontinental ballistic missile at Ukraine, Kyiv says
Updated 21 November 2024
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Russia fires what appears to be intercontinental ballistic missile at Ukraine, Kyiv says

Russia fires what appears to be intercontinental ballistic missile at Ukraine, Kyiv says
  • Western officials, who spoke on condition of anonymity, later told Reuters their initial analysis showed it was not an intercontinental ballistic missile
  • Regardless of its classification, the latest strike highlighted rapidly rising tensions in the 33-month-old war

KYIV: Ukraine said Russia fired what appeared to be an intercontinental ballistic missile at the city of Dnipro on Thursday, in what would be the first use in war of a weapon designed to deliver long-distance nuclear strikes.
Western officials, who spoke on condition of anonymity, later told Reuters their initial analysis showed it was not an intercontinental ballistic missile, though they left open the possibility that conclusion could change.
Regardless of its classification, the latest strike highlighted rapidly rising tensions in the 33-month-old war.
Ukraine fired US and British missiles at targets inside Russia this week despite warnings by Moscow that it would see such action as a major escalation.
Security experts said that if Thursday’s strike involved an intercontinental ballistic missile, it would be the first use of such a missile in war. ICBMs are strategic weapons designed to deliver nuclear warheads and are an important part of Russia’s nuclear deterrent.
“Today there was a new Russian missile. All the characteristics – speed, altitude – are (of an) intercontinental ballistic (missile). An expert (investigation) is currently underway,” Ukrainian President Volodymyr Zelensky said in a video statement.
Ukraine’s foreign ministry urged the international community to react swiftly to the use of what it said was “the use by Russia of a new type of weaponry.”
The Ukrainian air force said the missile was fired from the Russian region of Astrakhan, more than 700 km (435 miles) from Dnipro in central-eastern Ukraine. It did not specify what kind of warhead the missile had or what type of missile it was. There was no suggestion it was nuclear-armed.
Asked about the air force statement, Kremlin spokesman Dmitry Peskov told reporters to contact Russian military for comment.
Ukrainska Pravda, a Kyiv-based media outlet, cited anonymous sources saying the missile was an RS-26 Rubezh, a solid-fueled intercontinental ballistic missile with a range of 5,800 km, according to the Arms Control Association.
The RS-26 was first successfully tested in 2012, and is estimated to be 12 meters (40 ft) long and weigh 36 tons, according to the Center for Strategic and International Studies (CSIS). It said the RS-26 can carry an 800-kg (1,765-pound)nuclear warhead.
The RS-26 is classified as an ICBM under a nuclear arms reduction treaty between the United States and Russia, but it can be seen as an intermediate-range ballistic missile when used with heavier payloads at ranges below 5,500 km, CSIS said.