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PUTIN ANNOUNCES GRAIN EXPORT AGREEMENT IN BLACK SEA REGION WON'T BE RESTORED
Sep. 5, 2023
Associated Press reports:
Russian President Vladimir Putin said Monday that the grain deal that allowed Ukraine to export grain safely through the Black Sea won't be restored until the West meets its obligations to facilitate Russian agricultural exports.
Putin made the statement after talks with Turkish President Recep Tayyip Erdogan, who along with the U.N. brokered the deal seen as vital for global food supplies, especially in Africa, the Middle East and Asia. Ukraine and Russia are major suppliers of wheat, barley, sunflower oil and other goods that developing nations rely on.
But Russia refused to extend the deal in July, complaining that an agreement promising to remove obstacles to Russian exports of food and fertilizer hadn't been honored. It said restrictions on shipping and insurance hampered its agricultural trade even though it has shipped record amounts of wheat since last year.
To read the entire report click here.
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