Commodities and Futures News

Russia’s Kursk region puts damage from Ukraine attack at nearly $1 billion

2024.09.11 07:04

MOSCOW (Reuters) – The economic damage from Ukraine’s attack on Russia’s mainly agricultural Kursk region is estimated at almost $1 billion, with more than 150,000 people evacuated since the start of the incursion, the regional governor said on Wednesday.

Ukraine on Aug. 6 launched the biggest foreign attack on Russia since World War Two, bursting through the border into the Kursk region with thousands of troops supported by swarms of drones and heavy weaponry, including Western-made arms.

Kursk is a major grain producer in Russia, contributing 4% to the total grain harvest last year. Russia is the world’s largest wheat exporter.

“The introduction of a federal emergency regime and a counter-terrorist operation regime in the region have had a significant impact on the region’s economy,” Governor Alexei Smirnov said in a publicly broadcast meeting with senior officials at Russia’s agriculture ministry.

Earlier on Wednesday, pro-Moscow war bloggers and a senior Russian commander said Russian forces had begun a significant counter-offensive against the Ukrainian troops in Kursk.

Smirnov said “the estimated damage has amounted to tens of billions of rubles and is increasing”. His public presentation, shown during the event, provided a preliminary estimate of 85 billion roubles ($934.07 million).

He said the harvesting of grains could not be completed on an area of 160,000 hectares, while oilseed crops amounting to 500,000 metric tons and sugar beet amounting to 700,000 tons had been damaged or transported out of Russia.

© Reuters. FILE PHOTO: A satellite image shows a damaged bridge in Zvannoe, Kursk Region, Russia, August 26, 2024. Planet Labs Inc. via REUTERS/File Photo

According to the governor’s figures, more than 300,000 tons of grain remain in warehouses in territory currently occupied by Ukrainian forces. Smirnov also reported significant livestock losses, with over 350,000 heads of pigs and cattle dead.

($1 = 91.0000 roubles)



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,333.35 4.32%
ethereum
Ethereum (ETH) $ 3,481.15 2.30%
tether
Tether (USDT) $ 0.999619 0.14%
xrp
XRP (XRP) $ 2.31 3.13%
bnb
BNB (BNB) $ 699.38 1.46%
solana
Solana (SOL) $ 199.22 5.17%
dogecoin
Dogecoin (DOGE) $ 0.337471 4.70%
usd-coin
USDC (USDC) $ 1.00 0.08%
staked-ether
Lido Staked Ether (STETH) $ 3,479.69 2.34%
cardano
Cardano (ADA) $ 0.934976 2.20%
tron
TRON (TRX) $ 0.256102 1.40%
avalanche-2
Avalanche (AVAX) $ 41.22 6.88%
chainlink
Chainlink (LINK) $ 25.11 4.23%
the-open-network
Toncoin (TON) $ 5.88 5.08%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,130.76 2.26%
shiba-inu
Shiba Inu (SHIB) $ 0.000024 5.95%
sui
Sui (SUI) $ 4.62 1.43%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,916.23 4.18%
hedera-hashgraph
Hedera (HBAR) $ 0.320604 12.23%
stellar
Stellar (XLM) $ 0.397938 8.35%
polkadot
Polkadot (DOT) $ 7.53 3.25%
hyperliquid
Hyperliquid (HYPE) $ 30.10 4.36%
weth
WETH (WETH) $ 3,482.12 2.29%
bitcoin-cash
Bitcoin Cash (BCH) $ 468.24 2.33%
leo-token
LEO Token (LEO) $ 9.48 1.47%
uniswap
Uniswap (UNI) $ 14.44 2.35%
litecoin
Litecoin (LTC) $ 108.11 2.27%
pepe
Pepe (PEPE) $ 0.000019 5.13%
bitget-token
Bitget Token (BGB) $ 4.98 18.40%
near
NEAR Protocol (NEAR) $ 5.56 2.63%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,673.73 2.24%
ethena-usde
Ethena USDe (USDE) $ 0.999289 0.12%
aave
Aave (AAVE) $ 369.83 2.01%
aptos
Aptos (APT) $ 9.83 3.16%
internet-computer
Internet Computer (ICP) $ 11.34 6.48%
usds
USDS (USDS) $ 0.999563 0.04%
crypto-com-chain
Cronos (CRO) $ 0.162984 1.41%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.525779 5.15%
vechain
VeChain (VET) $ 0.052716 9.95%
ethereum-classic
Ethereum Classic (ETC) $ 27.84 2.05%
mantle
Mantle (MNT) $ 1.23 3.44%
render-token
Render (RENDER) $ 7.80 1.44%
bittensor
Bittensor (TAO) $ 501.98 3.70%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.40 2.48%
mantra-dao
MANTRA (OM) $ 3.80 0.12%
whitebit
WhiteBIT Coin (WBT) $ 24.89 2.12%
monero
Monero (XMR) $ 192.15 1.25%
arbitrum
Arbitrum (ARB) $ 0.814759 2.39%
dai
Dai (DAI) $ 1.00 0.05%
filecoin
Filecoin (FIL) $ 5.46 6.13%