Russia’s Navy threatens Ukraine’s sea routes, S&P Global Platts has warned in a story headlined:

“Russian escalation in Ukraine yet to faze commodity markets.” “Russia could close off Ukrainian ports due to its control of Crimea and Black Sea chokepoints,” the authors warn. “Any limitation of vessels through the Kerch Strait would likely affect supply routes used by Metinvest, the Ukrainian mining and steel group, and other bulk shipping on the route.”