Ukraine Black Sea grain deal extended for 60 days

Published 2023년 3월 20일

Tridge summary

A deal to renew the safe Black Sea export of Ukrainian grain has been extended for at least 60 days, according to Reuters. The deal, brokered in July with Russia and Ukraine by the United Nations and Turkey, aims to combat a global food crisis caused by Russia's invasion of Ukraine and the subsequent blockade. However, Russia has only agreed to a 60-day extension, while Ukraine insists it has been extended for 120 days. The deal is crucial for global food security, as both Russia and Ukraine are key global suppliers of food commodities and Russia is a top exporter of fertilizer. The United Nations is urging all sides to redouble their efforts to implement the deal fully.

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Original content

A deal allowing the safe Black Sea export of Ukrainian grain was renewed on Saturday for at least 60 days - half the intended period - after Russia warned any further extension beyond mid-May would depend on the removal of some Western sanctions, reported Reuters. The pact was brokered with Russia and Ukraine by the United Nations and Turkey in July and renewed for a further 120 days in November. The aim was to combat a global food crisis that was fueled in part by Russia's Feb. 24, 2022, invasion of Ukraine and Black Sea blockade. The deal had been set to expire on Saturday. The United Nations and Turkey said on Saturday that the deal had been extended, but did not specify for how long. Ukraine said it had been extended for 120 days. But Russia's cooperation is needed and Moscow only agreed to renew the pact for 60 days. "The Black Sea Grain Initiative, alongside the Memorandum of Understanding on promoting Russian food products and fertilizers to the world markets, are critical ...

Source: Thepigsite