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Russia Extends Ukraine Grain Deal Agreement

by John Pierce
July 3, 2023
in Business
1 min read
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Russian Foreign Minister Sergei Lavrov said Thursday that an extension of the deal would allow it to resume of Grain exports from Ukraine have becomecomplicatedBecause it was not implemented properly.

Lavrov said items in agreement that provides for Russia’s grain and fertilizer exports were not subsidized, adding: “If package He is half fulfilled, then the extension becomes completely complicated. “

The 120-day deal, initially brokered by the United Nations and Turkey in july f extended in November, it will be renewed on March 18 if the answer is no party Things. However, Russia stated earlier that the obstacles to its agricultural exports should be removed Before shedding light on the Ukrainian grain deal in the Black Sea.

to help Convince Russia to allow Ukraine resumes grain exports from the Black Sea in July last yearthree-year The deal was also hit in approved by the United Nations help Facilitate Russian food and fertilizer exports.

Ukraine and Russia are both major global Suppliers of Grains and fertilizers.

Western powers hit Russia with Strict penalties over that it invasion of neighboring Ukraine more from U.S year since. While Russian food and fertilizer exports are not subject to Moscow sanctions says restrictions on Its payments, logistics and insurance industries are a “hurdle” for such shipments.

Foreign Minister Mevlut Cavusoglu said last The week Ankara was operating hard to extend the initiative, while Russia indicated that it was unhappy with some aspects of Deal.

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