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The UN-brokered Black Sea Grains Agreement has been extended to help lower food prices

As the deadline loomed, Turkish President Recep Tayyip Erdogan announced a two-month extension of the UN-brokered Black Sea Grains Agreement, thanking Russian President Vladimir Putin, Ukrainian President Volodymyr Zelensky and UN Secretary-General Antonio Guterres. They were directly involved in last-minute withdrawals.

No details of the changes have been announced, but both Ukraine and Turkey made the announcements on Wednesday.

There was the Black Sea Grain Initiative Agreed on July 2022 Istanbul, Türkiye, and expanded to November. Again extended, After objection by Russia, in march.

The agreement included agreements signed separately by Russia and Ukraine and brokered by the United Nations and Turkey to help Get grain and feed and fertilizer from Ukraine From Russia. The UN’s purpose in negotiating the deal was to “result in Russia’s aggression in Ukraine” disrupting the supply of crops, food and fertilizers, which raises food prices and “contributes to global food prices.”

The agreement included a separate memorandum of understanding between the United Nations and Russia to help ensure that Russian exports are not blocked by secondary sanctions on ships, insurance or banks.

Weeks before the deadline, Russia slowed inspections of vessels in hopes of approving its long-standing demand to reopen an ammonia pipeline from Russia to Ukraine and return to the banking system known as SWIFT for its exports.

The agreement has allowed the safe export of more than 30 million tonnes of grains, foodstuffs and fertilizers since it was launched in July last year, greatly alleviating the global crisis of food insecurity.

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Pamela Falk


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