The Independent.in – News, Breaking News, International News

Ukraine

Russia and Ukraine extend the foodgrain export deal by 4 months

Russia’s foreign ministry has confirmed the extension of the Black Sea grain deal for 120 days starting from Nov. 18, without any changes to the current one

Russia and Ukraine have agreed to extend the foodgrain export deal from Ukraine’s Southern Black Sea Ports by 4 months, amidst ongoing Russian invasion of Ukraine.

Russia and Ukraine had signed the deal in July 2022 where Russia agreed to unblock the ports on the Black Sea to allow the export of foodgrains from Ukraine across the world. The deal was brokered by United Nations (U.N.) and Turkey. The deal was about to expire on Saturday, November 19, 2022.

Speaking on the occasion, the Secretary-General of United Nations (U.N.) – Antonio Guterres said, “I welcome the agreement by all parties to continue the Black Sea grain initiative to facilitate the safe navigation of export of grain, foodstuffs and fertilisers from Ukraine.”

He also said that U.N. is fully committed to removing the remaining obstacles to exporting food and fertilisers from the Russian Federation. The deal would continue without any change in the existing terms.

The President of Turkey – Recep Tayyip Erdogan welcomed Russia and Ukraine’s consensus on continuing the deal.

Taking it to twitter, Erdogan tweeted,

He further tweeted,

Russia pulled out from the pact in late October 2022, citing safety concerns after an attack on its Black Sea fleet, before rejoining days later. As of now, Ukraine has exported more than 11 million tonnes of agricultural products shipped from 3 of Ukraine’s Black Sea ports, including 4.5 million tonnes of corn and 3.2 million tonnes of wheat. The 3 Ports involved in the deal are Odesa, Chornomorsk and Pivdennyi. They have a combined capacity to ship about 3 million tonnes a month.

Russia previously said its approval to extend the deal depended on support for its grain and fertilizer exports. Russia is a major agricultural producer and the world’s largest wheat exporter. Russia reportedly wants the West to ease restrictions on state agriculture lender – Rosselkhozbank, a move that should help facilitate more of its exports.

The Kremlin Spokesperson – Dmitry Peskov said that the U.N. has assured Russia that work will be done to remove barriers on Russian exports of agricultural products and fertilisers.

The true light is that of knowledge and information. We are a group of informed citizens, some are journalists by profession, who are here to share our opinion and take of world. While we know we are not always right, we always try to have a perspective that is backed by first hand information. We would love to hear from you on how we can do better, just post your comments on any of the articles that you think can be improved.

Copyright © 2020 The Independent.in

To Top