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Russian Grain Exports Nearly Halted, Losses at $15 Billion

After Ukrainian strikes on Black Sea and Azov Sea ports, key terminals have been shut down, and the head of the Russian Grain Union speaks of catastrophic damage.

Foto: Telegram
Summary
  • Russian grain exports have been almost completely halted after strikes on Black Sea and Azov Sea ports.
  • Terminals in Novorossiysk and Taman have been shut down, and the Kerch Strait is blocked.
  • Russia cannot sell nearly 140 million tons of grain, with annual losses estimated at $15 billion.

Russian grain exports have been almost completely paralyzed following drone strikes on ports in the Azov and Black Seas, Ukrainian sources reported on Monday, August 17, 2026. According to Ukrainska Pravda, this sector brings Russia's economy about $15 billion annually.

Terminals in Novorossiysk and Taman Halted

Last week, after drone attacks, all three grain terminals in the port of Novorossiysk ceased operations. These terminals together handled about 25 million tons of Russian grain for export. At the same time, all ports in the Azov Sea, through which Russia exported approximately 40 percent of its grain, were also blocked.

According to the Operatyvne ZSU channel, navigation through the Kerch Strait is currently halted, and besides Novorossiysk, grain terminals in the port of Taman have also been suspended. The only functional port remaining is Tuapse, the smallest of all mentioned.

"Catastrophic Level, Colossal Losses"

Arkady Zlochevsky, president of the Russian Grain Union, described the situation in the strongest terms. "This is a catastrophic level, colossal losses," Zlochevsky said, as reported by Ukrainska Pravda.

Nearly 140 Million Tons Without a Buyer

Operatyvne ZSU notes that last year, the Azov-Black Sea basin accounted for 88 percent of all Russian maritime grain shipments, or 46.3 million tons. With ports halted, Russia's grain harvest of nearly 140 million tons is practically impossible to sell, warehouses are filling up, and demand has fallen.

This has led to a drop in grain prices to a level that is unprofitable for Russian farmers. An additional problem looms for the next season: since current grain cannot be sold, there are no funds for new sowing, and the deadline for planting winter crops is approaching.

FAQ
How much does Russia earn annually from grain exports? +
Russian grain exports bring in about $15 billion in revenue annually.
Which key ports were affected by Ukrainian strikes? +
Terminals in Novorossiysk and Taman have been halted, ports in the Azov Sea are blocked, and navigation through the Kerch Strait has been suspended.
How much Russian grain is currently unsellable? +
Nearly 140 million tons of grain cannot be placed on the market.
What did the head of the Russian Grain Union say? +
Arkady Zlochevsky stated that this is a catastrophic level and colossal losses.

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