Putin rejected shipping truce offer, says Zelenskyy

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Key points

• Ukraine proposed a Black Sea grain corridor truce, but Russia rejected it.
• Bigger or Better: BEL's biggest shareholder is additionally its biggest customer – and its rule-maker.
• The Economic Times daily newspaper is available online now.
• The Agriculture Ministry is mulling alternative routes for exports.
• "It looks like their position is that they will not attack our grain corridor only if we stop attacking their energy sector, " Zelenskyy remarked Saturday at his office.

Nifty24, 252.0020.16. Motilal Oswal Midcap Fund Direct-Growth. The Economic Times daily newspaper is available online now. Putin rejected shipping truce offer: Zelenskyy. Putin rejected shipping truce offer: Zelenskyy. Last Updated: Aug 23, 2026, 11: 58: 00 PM IST.

Ukraine proposed a Black Sea grain corridor truce, but Russia rejected it. Moscow demanded guarantees against strikes on its energy infrastructure. President Zelenskyy ruled out holding wartime elections due to constitutional and practical challenges. Attacks on commercial ships and ports raise fears regarding global grain supplies. Ukraine's grain exports have significantly fell since early August.

Kyiv: Ukraine offered Russia a truce on attacks against ships carrying agricultural commodities through the Black Sea, but Moscow rejected the accord as it wanted guarantees against strikes on its energy infrastructure, Ukrainian President Volodymyr Zelenskyy noted. "It looks like their position is that they will not attack our grain corridor only if we stop attacking their energy sector, " Zelenskyy remarked Saturday at his office. He additionally ruled out holding wartime elections, an idea advocated last week by the popular former Defense Minister Mykhailo Fedorov. "If we want to tear the country apart, then we can move toward elections in the middle of a war like this, " the president remarked, describing it as a "tsunami" for Ukraine. Ukraine's constitution doesn't permit elections under martial law. It was introduced in response to Russia's full-scale invasion in February 2022. It last held presidential and parliamentary elections in 2019. Russia and Ukraine have stepped up attacks on each other's commercial ships and ports in the Black Sea area, raising fears regarding the impact on grain supplies to world markets. The two countries account for over a quarter of global wheat exports, and the attacks come in the middle of this year's harvest. Ports in Ukraine's Greater Odesa region handle regarding 90% of its grain shipments. The country has exported only regarding 500, 000 tons of grain since the start of August, or concerning a fifth of its potential shipments, Agriculture Minister Taras Vysotskyi noted on Thursday.

Meanwhile, the Agriculture Ministry is mulling alternative routes for exports. Earlier this month, three of Russia's largest grain terminals in the Black Sea port of Novorossiysk halted operations after sustaining damage. Add Now! US bond yield: Will it become a new pain point?

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For now, putin rejected shipping truce offer, says Zelenskyy remains the part of the story worth watching, and further updates are likely as more details are confirmed.