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Russia extends for 60 days the safe corridor to export Ukrainian grain

Updated Mar 14, 2023
The cereal markets had their sights set on what would happen to the safe corridor for the export of Ukrainian cereals through the Black Sea, on whether or not Russia would finally extend the agreement that expires on March 18. Doubts have been dispelled.
Moscow has announced that it will extend the agreement, but only for 60 days. For the Ukrainian government, this announcement has had a bittersweet taste since they expected the extension to be 120 days, since the 60-day extension contradicts the document signed by Turkey and the UN. They are waiting for the official position of the UN and Turkey as guarantors of the initiative. Since the start of the Russian invasion on February 24, 2022, Ukrainian ports were blocked for 6 months until an agreement was reached between Russia and Ukraine in July, under the auspices of the United Nations and Turkey, to create a safe corridor. through which exports could circulate. This agreement had been extended until March 18, ` Ukrainian grain exports have fallen by 29.3%, to 29.7 Mt so far in the 2022/23 ...
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