Russia ends wartime deal allowing Ukraine to ship grain in a blow to global food security

Published 2023년 7월 17일

Tridge summary

Russia has suspended the Black Sea Grain Initiative, a wartime deal allowing grain to be exported from Ukraine to countries suffering from hunger. The move comes as Russia seeks to address its own agricultural exports, which it claims have been hampered by shipping and insurance restrictions. The loss of the agreement is expected to compound the challenges faced by developing nations struggling with high debt levels, climate issues, and a global food crisis.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia halted an unprecedented wartime deal on Monday that allows grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and high food prices have pushed more people into poverty. Kremlin spokesman Dmitry Peskov announced Russia would suspend the Black Sea Grain Initiative until its demands to get its own agricultural shipments to the world are met — even though the country has been shipping record amounts of wheat and its fertilizers also have been flowing. “When the part of the Black Sea deal related to Russia is implemented, Russia will immediately return to the implementation of the deal,” Peskov said. Russia has complained that restrictions on shipping and insurance have hampered its exports of food and fertilizer — also critical to the global food chain. It’s the end of a breakthrough accord that the United Nations and Turkey brokered last summer to allow food to leave the Black Sea region after Russia invaded its ...

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