Zelenskiy: Moscow is 'blackmailing world with hunger'

STORY: A total of 218 vessels are "effectively blocked" as a result of Moscow's move, Ukraine's infrastructure ministry said on Sunday.

The news that Moscow was pulling out of the deal had sent global wheat prices soaring by more than 5% on Monday morning.

Moscow said it was forced to pull out of the shipping deal after blaming Kyiv for explosions that damaged Russian navy ships in a Crimean port on Saturday. Ukraine has neither confirmed nor denied it was behind those blasts but says Russia's navy is a legitimate military target.