Why allowing Ukraine to ship grain during Russia’s war matters to the world | Courtney Bonnell / The Associated Press

United States News News

Why allowing Ukraine to ship grain during Russia’s war matters to the world | Courtney Bonnell / The Associated Press
United States Latest News,United States Headlines
  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 73 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 59%

Russia has suspended a wartime deal designed to move grain from Ukraine to parts of the world where millions are going hungry. The Black Sea Grain Initiative, brokered by the UN and Turkey, has allowed 32.9 million metric tons (36.2 million tons) of food to be exported from Ukraine since…

An excavator loads grain into a cargo ship at a grain port in Izmail, Ukraine, on April 26, 2023.Russia has suspended a wartime deal designed to move grain from Ukraine to parts of the world where millions are going hungry.

Both countries are major suppliers of wheat, barley, sunflower oil and other affordable food products that Africa, the Middle East and parts of Asia rely on. Ukraine is also a huge exporter of corn, and Russia of fertilizer—other critical parts of the food chain. No new ships have joined the initiative since June 27, and Ukraine blames Moscow. The last vessel left Ukraine on Sunday.The deal helped bring down global prices of food commodities like wheat that hit record highs after Russia invaded Ukraine.

Some companies have been wary of doing business with Russia because of sanctions, but Western allies have made assurances that food and fertilizer are exempt. UN Secretary-General Antonio Guterres sent a letter to Russian President Vladimir Putin last week proposing to ease transactions through the agricultural bank, a spokesperson said.

Losing millions of tons of food from Ukraine at a time when many countries are increasingly reliant on imported food because of conflict and drought, “will result in inaccessibility and unavailability of food but also will increase prices and impact affordability for households,” Shashwat Saraf, the group’s regional emergency director for East Africa, said in an interview Monday.

It can send its food by land or river through Europe, but those routes can handle lower amounts compared to sea shipments and their use has stirred anger in neighboring countries.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessMirror /  🏆 19. in PH

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Makabayan lawmakers abstained from House vote to expel TevesWhy Makabayan lawmakers abstained from House vote to expel TevesWednesday's vote was not exactly smooth-sailing, having been delayed for hours after some lawmakers questioned why the ethics committee report mentioned Teves' terrorist designation as one of the bases for expulsion
Read more »

'Kyiv forces to liberate all of Ukraine, no matter how long it takes''Kyiv forces to liberate all of Ukraine, no matter how long it takes'KYIV: Ukraine's military will liberate all territory occupied by Russian forces, regardless of how long it takes, Kyiv's Foreign Minister Dmytro Kuleba told Agence France-Presse (AFP) this week, adding that this was the Ukrainian people's wish.
Read more »

The truth about why living in the Philippines costs more than it shouldThe truth about why living in the Philippines costs more than it shouldWhile a global phenomenon, inflation remains a vague concept for the most vulnerable.
Read more »

Ukraine claims gains on southeastern front, fighting rages in eastUkraine claims gains on southeastern front, fighting rages in eastUkrainian military claims gains in counter-offensive against Russian forces
Read more »

| Why Angono, Rizal captivates as the country’s Art Capital| Why Angono, Rizal captivates as the country’s Art CapitalIt’s so easy to figure out why this rapidly-urbanizing Rizal town has been regarded as the country’s “art capital” for the longest time. Upon entering it from C-6 and the lake shore road in Taytay, you will be welcomed by an artsy boundary arch with the painter’s easel, to emphasize…
Read more »

Russia attacks grain depots again as foreign ship tries out Kyiv’s new Black Sea corridor | Hanna Arhirova & Susie Blann / The Associated PressRussia attacks grain depots again as foreign ship tries out Kyiv’s new Black Sea corridor | Hanna Arhirova & Susie Blann / The Associated PressKYIV, Ukraine—Russian drones pounded grain storage facilities and ports along the Danube River that Ukraine has increasingly relied on as an alternative transport route to Europe, after Moscow broke off a key wartime shipping agreement using the Black Sea. At the same time, a loaded container ship stranded at the…
Read more »



Render Time: 2025-03-01 16:35:07