June 17, 2024
Global Food Supply Threatened As Russia Terminates Ukraine Grain Export Deal
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Global Food Supply Threatened As Russia Terminates Ukraine Grain Export Deal

The Russian government, on Monday, withdrew its cooperation in a deal that allowed the export of Ukrainian grain through the Black Sea despite a wartime blockade.

The deal, known as the Black Sea Grain Initiative, was brokered by the United Nations and Turkey. It was set up in July 2022 to abate a global food crisis after Russia invaded Ukraine, a neighboring country and fellow key grain exporter. Since then, it has been repeatedly extended.

The Black Sea deal was vital to keeping food flowing from Ukraine to the wider world especially countries in Africa, the Middle East and Asia.

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Speaking with journalists, Dmitry Peskov, spokesperson of Russian President Vladimir Putin, said the agreement had “essentially stopped” and Russia would no longer cooperate with the deal.

In 2021, Nigeria imported 51 percent of its wheat from Russia, Lithuania, Latvia, and other Baltic countries.

Wheat from Russia, Ukraine, and other Black Sea countries remains the cheapest option for many milling companies in Nigeria.

    • 11 months ago

    […] READ ALSO: Global Food Supply Threatened As Russia Terminates Ukraine Grain Export Deal […]

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