White House Warns Russia May Expand Their Targeting Of Ukrainian Grain Facilities To Include Attacks Against Civilian Shipping In The Black Sea
Portfolio Pulse from Bill Haddad
The White House has warned that Russia may expand its targeting of Ukrainian grain facilities to include attacks against civilian shipping in the Black Sea. This could potentially disrupt grain exports from the region.
July 19, 2023 | 9:54 pm
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NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could be negatively impacted if Russia expands its attacks to include civilian shipping in the Black Sea, as this could disrupt European grain imports.
VGK tracks an index of European stocks. If Russia disrupts Ukrainian grain exports, this could lead to increased grain prices in Europe, potentially impacting the profitability of companies within VGK's portfolio.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Teucrium Wheat Fund (WEAT) could potentially benefit from Russia's expanded attacks, as this could lead to increased global wheat prices.
WEAT tracks the price of wheat. If Russia disrupts Ukrainian grain exports, this could lead to increased global wheat prices, potentially benefiting WEAT.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80