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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Breaking News

Moscow calls Black Sea grain deal ‘not so wonderful’

Kremlin spokesman Dmitry Peskov waits before a signing ceremony following talks of Russian President... Kremlin spokesman Dmitry Peskov waits before a signing ceremony following talks of Russian President Vladimir Putin and Chinese President Xi Jinping at the Kremlin in Moscow, Russia March 21, 2023. Sputnik/Vladimir Astapkovich
Kremlin spokesman Dmitry Peskov waits before a signing ceremony following talks of Russian President... Kremlin spokesman Dmitry Peskov waits before a signing ceremony following talks of Russian President Vladimir Putin and Chinese President Xi Jinping at the Kremlin in Moscow, Russia March 21, 2023. Sputnik/Vladimir Astapkovich

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Moscow calls the Black Sea grain deal ‘not so wonderful. Since Russian agricultural and fertilizer exports had not been eased, the Kremlin warned Wednesday that the landmark U.N.-brokered Black Sea grain pact would certainly fail.

Europe’s worst battle since World War Two exacerbated a food crisis that preceded the Russian invasion of Ukraine.

Russia, Ukraine, Turkey, and the UN signed and significantly enlarged the deal last July. Finishes next month. Ammonia and food can be exported from three Ukrainian Black Sea ports.

Moscow insists on removing insurance and payment restrictions to export food and fertilizer, even though the West has not sanctioned them.

Despite UN efforts to satisfy Moscow’s interests, Kremlin spokesperson Dmitry Peskov claimed the accord was not working for Russia on Wednesday.

“No deal stands on one leg,” Peskov told reporters. Its renewal is unlikely under present conditions.

Wheat, barley, maize, rapeseed, and sunflower oil are produced in Russia and Ukraine. In addition, most fertilizer comes from Russia.

Since August, 881 Ukrainian ships have carried 27 million tonnes of grain and other items.


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