News

Quiet diplomacy: A new deal on a Black Sea grain corridor has suddenly collapsed

Grains, Cereal & Legumes
Turkiye
Supply Chain Management
Regulation & Compliances
Published Apr 17, 2024

Tridge summary

Russia, Ukraine, and Turkey have been engaged in two months of negotiations, mediated by Turkey and supported by the UN, to secure a new deal for safe Black Sea shipping. Despite reaching an agreement in March, which was to be announced by Turkish President Erdogan, Ukraine unexpectedly withdrew, leaving the reasons unclear. This deal was aimed at ensuring the free and safe passage of merchant ships in the Black Sea, adhering to the Montreux Convention. This development follows the 2022 Black Sea Grain Initiative, from which Russia exited in July 2023, blaming hindrances to its exports.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia and Ukraine have been negotiating for two months with Turkey on a new deal to ensure the safety of shipping in the Black Sea and reached an agreement on a text that was supposed to be announced by Ankara before local elections, but Kiev suddenly pulled out. This was reported by Reuters based on information from four people familiar with the matter. The talks took place with the mediation of Turkey after encouragement from the UN, according to the world agency's sources, quoted by Dnevnik. An agreement "to ensure the safety of commercial shipping in the Black Sea" was reached in March, and although Ukraine did not want to formally sign it, Kiev agreed for Turkish President Tayyip Erdogan to announce it on March 30, the sources said, speaking on condition of anonymity. Although the version is confirmed by three other sources, Russia, Ukraine and Turkey refuse to comment. It is unclear why Ukraine withdrew. People who spoke to Reuters did not know what led to Kiev's decision. ...
Source: Agri
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