Posted on

Russia axes landmark Ukraine grain deal just hours before deadline



Share

Bulk carriers are docked at the grain terminal of the port of Odessa, Ukraine, on April 10, 2023.Bo Amstrup | Afp | Getty ImagesRussia on Monday said it had suspended a humanitarian corridor to deliver key Ukrainian grains to global markets, hours before the agreement’s expiry.First signed in July 2022, the U.N.-brokered Black Sea Grain Initiative has been repeatedly extended in short increments, amid increasing discontent from Russia over perceived restrictions that limit the full dispatch of its own grain and fertilizer exports. Russian head of state Vladimir Putin reiterated these complaints over a weekend call with South African President Cyril Ramaphosa, saying — according to a Google-translated report from the Kremlin — that the key objective of supplying grain to countries in need, including those on the African continent, had not been achieved under the Black Sea Grain Initiative.The deal was set up to abate a global food crisis, after Moscow launched a full-scale invasion of fellow key grain exporter and neighbor Ukraine. It was set …

Read More