Grain agreement: Meet the resolution, created to contain the global crisis, which was extended

A Black Sea Grain Initiativesigned in Istanbul on July 22, 2022, has been extended, according to the UN (Image: REUTERS/Jorge Adorno/File Photo)

An agreement allowing the export of grains Ukrainians through Black Sea ports, which was due to expire on Saturday, was renewed after days of Turkish-brokered talks to extend the treaty.

The pact was negotiated with the Russia and the Ukraine by the United Nations and Turkey in July – and renewed for a further 120 days in November – to combat a global food crisis that was driven in part by Russia’s February 24, 2022 invasion of Ukraine and blockade of the Black Sea.

“A Black Sea Grain Initiativesigned in Istanbul on 22 July 2022, has been extended,” the UN said in a statement, thanking the Turkish government for its diplomatic and operational support in the agreement.

“The agreement for the corridor of grains should expire today. As a result of our talks with both parties, we have achieved an extension of this agreement,” Turkish President Tayyip Erdogan said in a speech in the western city of Canakkale.

Neither Erdogan nor the UN statement specified the length of the agreed extension.

Russia wanted to renew the deal for just 60 days, half as long as the previous renewal period, while Ukraine insisted on a 120-day extension.

Ukraine’s Infrastructure Minister Oleksandr Kubrakov said the deal was extended by 120 days.

Source: Moneytimes

Leave a Reply