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Ukraine seizes Russian tanker, frees crew after Moscow threat.

Ukraine to Close Crimean Ports for international shipping.

US to give Ukraine patrol motorboats to boost security at the Black Sea.

Ukraine seizes Russian tanker over naval clash: prosecutor.

Ukraine reports contact made with captain of seized ship.

Ukrainian authorities have arrested a Turkish-owned cargo ship and detained its captain over a visit it made to a port in Crimea after Russian annexed the peninsula from Ukraine last year.

After more than a month of war in Ukraine, the negative consequences for global trade are now becoming clear. According to the latest data update of the Kiel Trade Indicator, the conflict is weighing on the trade data of almost all economies and also clearly on global trade overall (month-on-month, price and seasonally adjusted). Russia's increasing isolation is reflected in an abrupt decline in the number of container ships arriving and departing from its ports. Globally, the number of shipping containers in congestion is increasing again.

Last week a UK Royal Navy destroyer and Dutch Royal Navy ship safely moored in Odessa, Ukraine, were spoofed to locations off-shore of a Russian naval base on Crimea.