Russian stocks slip to 2-week lows, crude pares gains: How Ukraine dam breach stirred global markets4 min read 06 Jun 2023, 09:43 PM IST
Chicago wheat climbed more than two per cent on June 6 nearing three-week highs as a result of the dam breach in Ukraine, which heightened worries about an escalation in the war between major grain exporters Ukraine and Russia, according to Nasdaq.
Russian stocks declined to around two-week lows on June 6 after a major Soviet-era dam in the Russian-controlled part of southern Ukraine was breached and crude oil prices pared their gains from previous session. Millions of litres of water burst through a gaping hole in the Nova Kakhovka dam, flooding a swathe of the war zone in southern Ukraine, according to reports.
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