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Russia will extend the deal with Ukraine on grain only if its own exports are unlocked

The Russian Foreign Ministry announced the extension of a deal on Ukrainian grain would only be possible if his own agricultural export is unlocked.

Black Sea Grain Initiative mediated by the UN and Turkey last year, expires on March 18 and can not be extended if all parties disagree. Russia has already signaled that he was dissatisfied with Aspects of deal.

The export of agricultural products from Russia did not fall under Western sanctions, but Moscow says restrictions on its payments, logistics and insurance industries are a “barrier” to the export of its own grain and fertilizers.

The Moscow Foreign Ministry said on Wednesday that Foreign Minister Sergei Lavrov discussed the prospects for for renegotiation of the deal at the meeting with his Turkish counterpart on aside of G20 in New Delhi.

“()Russian side stressed that the continuation package agreement on corn possible only if interests of Russian producers of agricultural products and fertilizers in terms of unhindered access To world markets are taken into account,” the ministry said in a statement. in statement.

Ukraine and Russia are among the world’s largest Russian grain producers and exporters. blockade of Russia of Ukrainian ports following their invasion threatened cause A global food crisis earlier in the year, which was alleviated by a Turkish-brokered deal that unlocked Ukrainian supplies at the end of July.

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Tyler Hromadka
Tyler Hromadka
Tyler is working as the Author at World Weekly News. He has a love for writing and have been writing for a few years now as a free-lancer.

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