The Turkish presidency announced that Russia and Ukraine will sign an agreement this Friday to unblock grain exports. The information was confirmed by Erdogan’s office.
“The signing ceremony of the grain export agreement, which will be attended by President Recep Tayyip Erdogan and United Nations Secretary General António Guterres, will be held this Friday with the participation of Ukraine and Russia,” the office confirmed. Turkish presidential.
Istanbul last week hosted a meeting of Russian, Ukrainian and Turkish military experts and UN representatives to try to unblock Russian and Ukrainian grain exports held up by the war in Ukraine and avert a global food crisis.
The announcement of this agreement comes a day after the head of Russian diplomacy said that he insisted with the UN for the organization to reach an agreement that facilitates agricultural exports from Russia, affected by Western sanctions, in exchange for the step of Ukrainian cereals blocked due to war
“We sent yesterday [terça-feira] a signal to the (UN) secretary general saying, here it is, this is your initiative, let’s make a decision on the Ukrainians, then on the Russians,” Russian Foreign Minister Sergei Lavrov said.
Previously, Russian President Vladimir Putin had already made a similar request.
“We will facilitate the export of Ukrainian grain, but on the basis of lifting all restrictions related to air deliveries for the export of Russian grain,” the Russian head of state said in remarks after a meeting of the so-called Astana. Group, which brings together Russia, Turkey and Iran, which took place last Tuesday in Tehran.
Figures advanced by the international media indicate that more than 20 million tons of grains and sunflower seeds are blocked in the Ukrainian ports of the Black Sea.
Together, according to the British magazine The Economist, Ukraine and Russia supply 28% of the wheat, 29% of the barley, 15% of the corn and 75% of the world’s sunflower oil.
Russian grain and fertilizer exports have been affected by Western sanctions on Russian logistics and financial chains.
Russia is a key exporter of fertilizers. In 2021, the country was the world’s leading exporter of nitrogenous fertilizers and the second largest supplier of potassium and phosphorus fertilizers.
Source: TSF
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
