Russia extends grain deal with Ukraine

15-03-2023 | |
Photo: Canva
Photo: Canva

Russia will extend the deal with Ukraine on grain exports via the Black Sea by 60 days, Moscow said after consultations with the United Nations in Geneva, Switzerland.

The agreement, signed last July, allows the export of Ukrainian grain and other agricultural products despite the war. The agreements were extended to March 18 in November after difficult negotiations.

Ukraine grain deal extension dependent on sanctions

Whether the deal is extended again within 60 days will depend on the relaxation of sanctions against Russia’s food and fertiliser exports, Russia’s Deputy Foreign Minister Sergey Vershinin said in a statement.

Less price increase

The deal slowed the rising food prices globally as Ukraine, a major producer of grain, was able to export again

At the start of the Russian invasion of Ukraine more than a year ago, large shortages threatened and prices rose. The deal is therefore one of the few diplomatic successes since the war.

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