The Black Sea Grain Initiative, signed in Istanbul on July 22, 2022, has been extended. The initiative allows for the facilitation of safe navigation for the exports of grain and related foodstuffs and fertilizers, including ammonia, from designated Ukrainian seaports.
During the first two terms, 25 million metric tonnes of grain and foodstuffs have been moved to 45 countries, helping bring down global food prices and stabilizing the markets.
Russia's U.N. Ambassador Vassily Nebenzia said that Moscow notified Turkey and Ukraine on Monday that it would extend the Black Sea export deal for 60 days, until May 18. For further extensions, Russia is requesting to be exempt from sanctions the entire chain of operations that accompany the Russian agricultural sector.
Ukraine said that it wants the agreement renewed for 120 days.
“We remain strongly committed to both agreements and we urge all sides to redouble their efforts to implement them fully,” said the Black Sea Grain Initiative.
