US: The finance department reacts to the grain deal being broken

Published 2023년 7월 25일

Tridge summary

The US Deputy Secretary of State, James Nelson, is expected to highlight Russia's abandonment of the Grain Initiative, causing a rise in wheat and corn prices, during his upcoming visits. Russia is seeking support from various African countries and plans to offer them free Russian grain as a replacement for Ukrainian grain. Russia aims to appeal to Africa's resistance towards the influence of world powers, following China's approach in negotiating with African nations.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Nelson is also expected to emphasize during his visits that Russia has abandoned the Grain Initiative, allowing grain and other agricultural products to be transported across the Black Sea, despite Washington's efforts to maintain the flow of goods during Russia's ongoing war against Ukraine. Nelson is also to say that the US has always excluded food products from the sanctions imposed on Russia. Russia's withdrawal from the grain deal pushed up wheat prices Wheat prices rose more than 14 percent. since Monday July 17, when Russia withdrew from the grain deal and corn prices increased by more than 10% at the same time. the Voice of America said. The journey of the deputy head of the ministry will take place at a time when Vladimir Putin, wanted by an arrest warrant, is preparing for a visit to St. Petersburg of nearly 50 representatives of African countries, including their leaders, which will start on Thursday and end on Friday. Putin promises them Russian grain for free "to ...
Source: Farmer.pl

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