Russia to consider all ships sailing to Ukrainian ports as potential military cargoes

<p>Russia's defense ministry says all ships sailing in the Black Sea to Ukrainian ports will be considered as potential carriers of military cargo beginning at midnight tonight.</p><p>Further, ships flagged of other countries will be considered involved in the Ukrainian conflict on the side of the Kyiv and a number of sea areas in the northwestern and southeastern parts of the international waters of the Black Sea are declared temporarily dangerous for navigation.</p><p>This wasn't entirely unexpected but the language is particularly aggressive and that's helped to lift grain prices.</p>

This article was written by Adam Button at www.forexlive.com.