New deal could alleviate grain supply crisis

Grain shipments from Ukraine’s Black Sea ports are expected to resume under the terms of new deal, brokered in Istanbul by Ukraine, Turkey, the UN and Russia.

The resumption of maritime grain exports from Ukraine would help in addressing the global food security crisis, which has been exacerbated by Russia’s unprovoked invasion of Ukraine, their destruction and theft of grain and the seizure and blockading of maritime ports.

Foreign secretary Liz Truss said: “Putin’s barbaric invasion of Ukraine has meant some of the poorest and most vulnerable people in the world are at risk of having nothing to eat. It is vital that Ukrainian grain reaches international food markets, and we applaud Turkey and the UN Secretary General for their efforts to broker this agreement.

“The UK and our allies have been pushing hard to reach this point. Now this agreement must be implemented, and we will be watching to ensure Russia’s actions match its words. To enable a lasting return to global security and economic stability, Putin must end the war and withdraw from Ukraine.

Before the invasion of Ukraine, it was one of the largest exporters of grains and vegetable oils, exporting grain to meet the needs of hundreds of millions of people worldwide. In 2021 Ukraine provided 30.9% of Egypt’s grain and wheat consumption; 7.7% of Yemen’s; 7% of Bangladesh’s; 11.7% of Morocco’s. Previously 96% of Ukrainian grain was exported through the Black Sea.

See the next issue of CIR Magazine for more on the global food security crisis.

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