“There has been no significant shipping activity in or out of Odesa since the start of the war,” the ministry said in its report. “Russia's subsequent naval blockade of key Black Sea ports has deterred the commercial shipping industry from operating in the area.”
Meanwhile, fighting has already placed indirect pressure on global grain prices.
“While the threat of Russia's naval blockade continues to deter access by commercial shipping to Ukrainian ports, the resulting supply shortfalls will further increase the price of many staple products,” MoD said in a tweet.