What is Russia's problem with the Black Sea grain deal?

Published 2023년 6월 19일

Tridge summary

Russia is considering withdrawing from the Black Sea grain deal due to allegations of Western cheating, as Russian agricultural products continue to face obstacles in global markets. Despite improvements, Russia claims that restrictions on payments, logistics, and insurance persist. The deal, brokered last year to address a global food crisis caused by Russia's invasion of Ukraine, has allowed for the export of nearly 32 million tonnes of grain from Ukraine. However, only about 3% of these exports have been received by low-income countries, with 44% going to high-income countries. Russia is demanding the reconnection of the Russian Agricultural Bank to the SWIFT payment system as a condition for continued cooperation.

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Original content

President Vladimir Putin said this month that Russia was considering pulling out of the Black Sea grain deal, accusing the West of cheating Moscow because it still faces obstacles in bringing its own agricultural products to world markets. Putin said he would discuss the future of the grain deal with visiting African leaders on Saturday. THE PACKAGE The United Nations and Turkey brokered the Black Sea Grains Initiative last July to help address a global food crisis made worse by Moscow's invasion of Ukraine and blockade of its Black Sea ports. It allows food and fertilizers to be exported from three Ukrainian ports - Chornomorsk, Odesa and Pivdennyi (Yuzhny). The deal has been extended three times, most recently until July 17. So far, nearly 32 million tonnes, mostly of corn and wheat, have been exported from Ukraine under the deal. The initiative also allows for the safe export of ammonia - a key ingredient in nitrate-based fertilizers - but none were shipped. To convince Russia ...

Source: Agrolink