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(Bloomberg) -- Ukraine’s defense ministry said it has destroyed a total of 5,000 drones fired by Russia since the Kremlin’s invasion 19 months ago, including 30 of 40 fired from Crimea overnight at two southern regions — Mykolaiv and Odesa - and the central region of Vinnytsia. Romania investigated a potential breach of its territory from the barrage, with its army searching for drone debris around Galati, close to Ukraine’s Danube River port of Reni.
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Ukraine’s Volodymyr Zelenskiy met Friday with Slovakian Defense Minister Martin Sklenár, the presidential office said. Slovakia votes Saturday, with pro-Russian candidate Robert Fico clinging to a narrow lead, according to some polls. Results are likely to be known by Sunday.
President Vladimir Putin issued a video address to mark one year since signing documents to illegally annex four Ukrainian regions. Putin cast the invasion of neighboring Ukraine as Russia’s bid to defend its “sovereignty” and “spiritual values.” Putin ally and former prime minister Dmitry Medvedev suggested in a Telegram post that Russia would have acquired “more new regions” by the time its conflict in Ukraine has ended.
More than 250 companies from 30 countries participated in a major defense industries forum in Kyiv on Friday, Ukraine’s foreign ministry said. Ukrainian companies signed 20 accords and memorandums with foreign partners, including on drones’ production, repair and production of armored vehicles and ammunition.
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Wheat futures tumbled to a three-year low after the USDA showed domestic production and quarterly stockpiles were bigger than analysts expected - and more broadly, amid booming harvests in Russia and other key producers.
Oil posted its largest quarterly rally since the initial jolt from the war in Ukraine as lower Russian fuel exports threaten to further tighten a market wrestling with OPEC+ production cuts. US Treasury Secretary Janet Yellen said recent market prices for Russian oil suggest that the G-& price cap is no longer working as hoped.
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