The daily business briefing: July 25, 2022

Ukraine pushes to restart grain shipments despite Russian missile strikes, China plans a real estate fund to help property developers, and more

A wheat field in the Donbas region of Ukraine
A wheat field in the Donbas region of Ukraine
(Image credit: Diego Herrera Carcedo/Anadolu Agency via Getty Images)

1. Ukraine pushes to resume grain exports despite Russian attacks

Ukraine on Sunday continued trying to restart grain exports from its Black Sea ports under a deal brokered by Turkey and the United Nations, but a government economic advisor warned that continued Russian missile strikes on the port city of Odesa could put the goal of restoring grain shipments to pre-war levels beyond reach. Ukraine's military said Russian warships fired four missiles at Odesa on Saturday. Air defense forces shot down two, but two hit near a pumping station at the port. Ukraine's president, Volodymyr Zelensky, said the attack, a day after the deal was signed, demonstrated Russia's "barbarism." Russia said Sunday it used high-precision missiles to strike a Ukrainian warship and a weapons storage area in Odesa.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.