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Russia halts wartime deal that allows Ukraine to ship grain in a hit to global food security

  • Russia has suspended the Black Sea Grain Initiative, a deal that allowed grain to be exported from Ukraine to countries in Africa, the Middle East, and Asia. The suspension is due to demands for Russia to have its own food and fertilizer exports met.
  • The initiative had helped reduce global food prices and alleviate the growing threat of hunger in developing nations. The suspension has caused wheat prices to rise, although analysts believe the impact will be temporary due to increased exports from other countries.
  • Ukraine intends to continue the initiative with Turkey, even without Russia's participation. The
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Moscow will return to the grain deal if seven conditions are met, said Dmitry Polyansky, the first deputy permanent representative of Russia to the organization, at a meeting of the UN Security Council. RIA Novosti, 21.07.2023

·Russian Federation
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NBC Miami broke the news in Miami, United States on Monday, July 17, 2023.
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