ADVERTISEMENT
LIVE DESK·Global markets desk·Last updated 14s ago
ADVERTISEMENT
Novara — A Smarter Way to Access Global Markets
Markets/ForexArticle

Zelenskiy says Ukraine negotiating with Russia over Black Sea attacks

President Volodymyr Zelenskiy signals diplomatic talks with Moscow as shipping through Greater Odessa remains constrained. Ukraine also plans to bolster air defenses in the region.

SL
Sophie Laurent · FX & Rates Desk · 24 Aug 2026 · 17:13 · 1 min read
Share
Zelenskiy says Ukraine negotiating with Russia over Black Sea attacks

Ukrainian President Volodymyr Zelenskiy said on Monday that Kyiv is pursuing diplomatic negotiations with Russia to address the escalation of Moscow’s attacks in the Black Sea, which have disrupted maritime trade and export capacity.

Speaking after a meeting in Kiev, Zelenskiy noted that while there is no total blockade of Greater Odessa, shipping traffic remains severely restricted, with only three or four vessels entering or leaving the port daily. He described the situation as an “attempt at a blockade,” underscoring the persistent threat to Ukraine’s critical trade routes.

Euro / US Dollar

EURUSD
Full profile →
1.1677▲ 0.00%
As of 23/08/2026, 21:00:00

In response to the intensified Russian strikes, Zelenskiy stated that Ukraine will strengthen its air defenses in the Black Sea region to mitigate further disruptions. The announcement follows recent attacks that have targeted port infrastructure and maritime traffic, further straining Ukraine’s ability to export goods.

The talks with Russia are expected to focus on de-escalating tensions and restoring stability to the Black Sea, a key corridor for Ukraine’s grain and industrial exports. Zelenskiy’s remarks come amid ongoing efforts to secure alternative trade routes and maintain economic resilience despite the conflict.

Meanwhile, Ukrainian officials continue to assess the impact of the attacks on regional shipping volumes and economic activity. The port of Greater Odessa, a vital hub for Ukraine’s trade, remains a focal point of the crisis, with limited vessel movements reflecting the broader challenges facing the country’s maritime sector.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
ADVERTISEMENT
Share this story
SL
Written by
Sophie Laurent
FX & Rates Desk

Sophie covers currency markets and central bank policy across Europe, with a focus on how rate decisions ripple through FX pairs. She has been tracking the ECB's policy path since the start of the current easing cycle.

More from Sophie Laurent →
ADVERTISEMENT
ADVERTISEMENT