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UN confirmed Black Sea Grains Initiative extended
Political
20:0318 Mar, 2023

UN confirmed Black Sea Grains Initiative extended

The United Nations confirmed that the deal to export Ukrainian grain from Black Sea ports, which was due to expire Saturday, has been extended, but it did not say for how long.

“The Black Sea Grain Initiative, alongside the Memorandum of Understanding on promoting Russian food products and fertilizers to the world markets, are critical for global food security, especially for developing countries,” U.N. Spokesman Stephane Dujarric said in a statement. “We remain strongly committed to both agreements and we urge all sides to redouble their efforts to implement them fully.”

According to the terms of the agreement, the renewal should be for 120-days, but Russia has been pushing to extend for only half that period.

Turkish President Recep Tayyip Erdogan, who along with the United Nations helped broker the deal, also confirmed it had been extended but did not specify for how long.

Ukraine’s infrastructure minister said in a tweet that it was for the full 120 days.

For weeks the United Nations has been working to keep it fully functioning after the Russians had raised complaints about its implementation.

Since it was signed on July 22 in Istanbul and renewed in November, the initiative has facilitated the safe export of nearly 25 million metric tons of grain and other foodstuffs from three Black Sea ports in Ukraine to global markets.

A corresponding Memorandum of Understanding between Russia and the United Nations has made inroads in easing concerns of anxious banks, insurers, shippers and other private-sector actors about doing business with Russia.

“As a result, markets have been calmed and global food prices have continued to fall,” U.N. humanitarian chief Martin Griffiths said Friday. Griffiths and U.N. trade chief Rebeca Grynspan met earlier this week in Geneva with Russian Deputy Foreign Minister Sergey Vershinin, as they sought to keep the Russians fully onboard.

The U.N. has emphasized that the grain deal has been critical in lowering global food prices, which spiked because of COVID-19 and then Russia’s military operation in Ukraine. Russia and Ukraine are major global food producers.

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