Talks underway on Black Sea grain deal extension in Geneva

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Talks underway on Black Sea grain deal extension in Geneva
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The deal, which was extended for 120 days in November, is up for renewal on March 18.

The Black Sea grain initiative, brokered between Russia and Ukraine by the United Nations and Turkey last July, aimed to prevent a global food crisis by allowing Ukrainian grain blockaded by Russia's invasion to be safely exported from three Ukrainian ports.

Russian officials say that although the country's agricultural exports have not been explicitly targeted by the West, sanctions on its payments, logistics and insurance industries have created a barrier for it being able to export its own grains and fertilisers. United Nations trade official Rebeca Grynspan and aid chief Martin Griffiths arrived at the U.N. European headquarters in Geneva on Monday morning, without making a comment.

Two sources involved with the talks said they were initially scheduled to last just one day but could be extended as needed.

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