The President of Turkey announced on Saturday, March 18, the extension of the international agreement on the export of Ukrainian grain during a speech on television, without specifying the timing. “Following the results of negotiations with two parties (Ukraine and Russia — editor’s note), we achieved an extension of the agreement, which was supposed to end on March 19.”Recep Tayyip Erdogan said. Previously, Ankara had hoped for a 120-day extension, while Russia insisted on limiting it to 60 days. “This agreement is vital to the global food supply. I thank Russia and Ukraine, who have spared no effort to further extend the agreement, as well as the Secretary-General of the United Nations.”– the President of Turkey emphasized.
An agreement mitigating the global food crisis
The Black Sea Grain Initiative, signed in July 2022 by Kiev, Moscow and Ankara with the assistance of the UN, eased the global food crisis caused by the war, allowing the export of almost 25 million tons of corn, wheat and other crops. cereals of Ukrainian production. Under the original terms, the agreement was to be “automatically renewed for the same period [de 120 jours, ndlr]unless one of the parties notifies the other of its intention to terminate or modify it.. In fact, it was extended for the first time by 120 days in November, until midnight on Saturday March 18th.
But on March 13, Russia, unhappy with the use of the second agreement to ease its fertilizer exports, announced that it had only agreed to a 60-day extension. Since then, the UN has done its best to maintain this mechanism, which helped calm the soaring prices that rocked the global economy after the invasion of Ukraine on February 24, 2022.
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After Erdogan’s statement, Ukraine’s Infrastructure Minister thanked the UN and Turkey for extending this international agreement, which is vital for Ukraine’s grain exports.
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