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Saturday, February 24, 2024

Ukraine. Grain agreement extended for another month

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The grain agreement, which allows the export of Ukrainian agricultural products from the main ports of the Black Sea, has been extended for another four months. The Reuters agency noted that the 120 days agreed by the parties to the agreement is twice as long as the one pushed by the Russian authorities.

The Turkish president announced the extension of the contract, which was due to expire on Saturday Recep Tayyip Erdoganand the Minister of Infrastructure Ukraine Oleksandr Kubrakov confirmed that the agreement had been extended for 120 days. – The agreement on the grain corridor was supposed to expire today (Saturday – ed.). As a result of our talks with both sides, we secured an extension of this deal,” Erdogan said.

Reuters reminds that the Kremlin had previously called for an extension of the contract for only 60 days, while Ukraine insisted on an extension of 120 days.

A ship with Ukrainian grain in the port of Istanbul Reuters

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Grain Agreement

Under the blockade of Ukrainian ports by the Russian army in July, representatives of Ukraine and Russia concluded with Turkey and the UN, two separate “mirror” agreements, unblocking the export of Ukrainian grain through Black Sea ports. This is to guarantee safe sea corridors to three Ukrainian ports: Odessa, Chornomorsk and Pivdenny.

The deal was negotiated in July 2022 and renewed for a further 120 days in November. Its purpose is to alleviate the food crisis caused war in Ukraine and the associated increase in food prices. Since its signing, more than 24 million tons of cereals have been exported from Ukraine.

The aim of the grain agreement is to alleviate the food crisis caused by the war in Ukraine Reuters

Despite the ongoing Russian invasion, Ukraine collected 60 million tons of grain and provided itself with food for 2023, Prime Minister Denys Shmyhal announced at the end of last year.

According to data from 2019, arable land accounted for almost 47 percent. territory of Ukraine, the most agriculturally used were the areas of the central, eastern and southern regions of the country.

Main photo source: Reuters



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