After Moscow pulled out of the grain deal, Kiev announced it would go forward alone, despite the lack of security guarantees. According to President Volodymyr Zelenskyy, shipowners are ready to enter Ukrainian ports for grain deliveries.
The agreement between Ukraine, Turkey and the UN is still in effect without Moscow. Only the separate agreement between Russia, Turkey and the UN was terminated. Zelensky did not say how the ships and their goods should be insured in the war zone. But he stressed, according to his press secretary Serhiy Nykyforov: “Even without Russia, every effort must be made to use this Black Sea corridor.”
After almost a year, an agreement on the export of grain and fertilizer from three ports around Odessa in the south of Ukraine expires on Tuesday evening. During this period, more than 1000 ships exported almost 33 million tons of agricultural goods from Ukraine.
Prices in the markets have already risen
Grain prices have already risen after it became known that Russia will not renew the agreement. This increase will lead to higher prices for basic products such as bread and pasta in the coming months. However, the situation is better than in the months after the start of the war, as grain supplies from other producers such as Brazil have increased.
Source: Krone
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