Russia Agrees to Prolong Grain Export Agreement

According to Antonio Guterres, the UN Secretary-General, the Black Sea Grain Agreement receives an extension after Russia agree to it.

Following Russian Foreign Minister Oleksandr Kubrakov’s indication that the accord would not get an extension, several players were worried about the termination of the UN-mediated agreement. However, the conditions of the agreement must always be honored, according to Kubrakov, by Ukraine and other parties.

Russia will stop working constructively with Ukraine to negotiate the grain agreement if this doesn’t happen. Russia and Ukraine supplies one-third of the world’s wheat supply. Prices would skyrocket, and supply shortages would affect reliant nations if the governments sever the agreement.

“I welcome the agreement by all parties to continue the Black Sea Grain Initiative to facilitate the safe navigation of export of grain, foodstuffs and fertilizers from Ukraine. The initiative demonstrates the importance of discreet diplomacy in finding multilateral solutions,” said Guterres.

The countries will complete the agreement on Saturday without the renewal. But thanks to the new agreements, Ukraine and Russia will still cooperate with the export operations for 120 days. Notably, Russia pulled out of the agreement a few weeks earlier over claimed attacks on its Black Sea Fleet.

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Russia pulled back on the deal before

“Taking into account the act of terrorism committed by the Kyiv regime. With the participation of British experts on October 29 this year against the ships of the Black Sea Fleet and civil vessels involved in the security of the ‘grain corridor,’ the Russian side suspends its participation in the implementation of the agreements on the export of agricultural products from the Ukrainian ports,” the Russian defense ministry said at the time.

According to Russia, Ukraines targeted its Black Sea fleet. Since then, though, Ukraine has denied any role. The United Nations responded to the problem. If Russia entirely reneged on the agreement, some analysts anticipated a dramatic increase in wheat prices worldwide. Thus, the UN called on Russia.

“We’ve seen the reports from the Russian Federation regarding the suspension of their participation in the Black Sea Grain Initiative following an attack on the Russian Black Sea Fleet. We are in touch with the Russian authorities on this matter,” said the UN spokesperson Stephane Dujarric.

“We underline the urgency of doing so to contribute to food security across the world. And to cushion the suffering that this global cost-of-living crisis is inflicting on billions of people,” added the UN Secretary-General.

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Honoring the provisions

Lavrov raised concerns about the deal’s prolongation before the announcement. According to him, Ukraine is exploiting the export agreement to transfer weaponry and utilize them for military uses, he said in an interview. He also requests that the UN refrain from interfering with Russia’s exports. However, the foreign minister stated that Russia would be happy to amicably work with the stakeholders to continue the agreement if the UN keeps its promise.

“The Secretary General of the UN assures us. Citing his Western colleagues, all the economic operators securing the logistical chains of fertilizer and grain supplies from Russia are assuring him that no sanctions will be imposed on the implementation of trade agreements for our grain. Including the entry of Russian ships into European ports and the entry of foreign ships into our ports,” he said.

Photo Credit: Mehmet Emin Calsikan

Source: CNN


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Reggie Whitehead

Posted by Reggie Whitehead

Reggie is a marketing professional and writer.