Index Investing News
Saturday, April 18, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Putin warns Russia could drop grain deal after 60 days

by Index Investing News
March 20, 2023
in World
Reading Time: 2 mins read
A A
0
Home World
Share on FacebookShare on Twitter


MOSCOW (AP) — Russian President Vladimir Putin reaffirmed on Monday that Moscow has agreed to extend a deal allowing the exports of Ukrainian grain to global markets only for 60 days and could drop it altogether if its conditions aren’t met.

Speaking at a parliamentary meeting in Moscow attended by lawmakers from African countries, Putin emphasized that Russia expects the facilitation of exports of its own agricultural products as part of a package agreement.

“A fair and comprehensive implementation of the Black Sea grain deal can only be ensured if our position is taken into account, and depending on that we will deal with the issue of our further participation in it,” Putin said.

The U.N. and Turkey brokered July’s agreement that allowing Ukraine — one of the world’s key breadbaskets — to ship food and fertilizer from three of its Black Sea ports. The 120-day agreement was renewed last November. Russia agreed to extend it again when it expired Saturday, but noted that it has only accepted a 60-day extension.

Ukraine has charged that the 60-day extension contradicts the deal, but the agreement allows the parties to roll it over or “modify” it — as Russia did. The United Nations and Turkish President Recep Tayyip Erdogan confirmed the extension, but neither said how long it would last, reflecting their inability to force Russia’s hand.

Moscow has voiced frustration that a parallel agreement has failed to fully open the door to Russian exports of grain and fertilizer through the Black Sea. Still, overall Russian wheat shipments were at or near record highs in November, December and January, increasing 24% over the same three months a year earlier, according to financial data provider Refinitiv.

Stéphane Dujarric, the spokesman for U.N. Secretary-General Antonio Guterres, said in a statement that 25 million metric tonnes (about 28 millions tons) of grain and foodstuffs had moved to 45 countries under the initiative, helping to bring down global food prices and stabilizing markets.

Putin used Monday’s conference attended by African lawmakers to press the long held Russian claim that a significant part of grain exported under the deal was sent to “well-stocked” European markets and only a fraction ended up in African markets.

He added that if Russia decides not to extend the deal after 60 days it will be ready to provide African countries with free grain.

Food prices surged to record highs after Russian troops rolled into Ukraine last February, helping contribute to a global food crisis also tied to the lingering effects of the COVID-19 pandemic and climate factors like drought.

The disruption in shipments of grain needed for staples of diets in places like Egypt, Lebanon and Nigeria exacerbated economic challenges and helped push millions more people into poverty or food insecurity. People in developing countries spend more of their money on basics like food.

The crisis left an estimated 345 million people facing food insecurity, according to the U.N.’s World Food Program.



Source link

Tags: DaysdealDropgrainPutinRussiaWarns
ShareTweetShareShare
Previous Post

Micron’s (MU) problems likely persisted in Q2. What to expect?

Next Post

TG Therapeutics: That ICER Report Doesn’t Bother Me (NASDAQ:TGTX)

Related Posts

The Grocery Bill Is Calm – The AgriFood System Is Not — Global Issues

The Grocery Bill Is Calm – The AgriFood System Is Not — Global Issues

by Index Investing News
April 17, 2026
0

If you are reading commodity price movements as evidence that the closure of the Strait of Hormuz has been absorbed...

New U.S. autonomous Squire Seaglider conducts test flight

New U.S. autonomous Squire Seaglider conducts test flight

by Index Investing News
April 13, 2026
0

Key PointsREGENT confirms successful ground-effect flight of its autonomous Squire defense Seaglider in the United States on April 13, 2026.Squire...

Can global supply chains recover from the Iran war? | US-Israel war on Iran

Can global supply chains recover from the Iran war? | US-Israel war on Iran

by Index Investing News
April 9, 2026
0

Conflict upends flow of critical raw materials for manufacturing, aviation and technology.The United States and Iran may have agreed to...

Artemis II crew will see total solar eclipse during moon flyby

Artemis II crew will see total solar eclipse during moon flyby

by Index Investing News
April 5, 2026
0

The crew is expected to lose contact with Earth for about 40 minutes Monday while they're behind the far side...

Protest shuts down ferry rides between Puerto Rico and Vieques, snarling travel plans

Protest shuts down ferry rides between Puerto Rico and Vieques, snarling travel plans

by Index Investing News
April 1, 2026
0

SAN JUAN, Puerto Rico -- A protest over a rate increase forced Puerto Rico’s government on Wednesday to cancel ferry...

Next Post
TG Therapeutics: That ICER Report Doesn’t Bother Me (NASDAQ:TGTX)

TG Therapeutics: That ICER Report Doesn't Bother Me (NASDAQ:TGTX)

Smile please | Mint

Smile please | Mint

RECOMMENDED

XRP Lawyer Recalls Gary Gensler Video On Crypto Panic In Banks

XRP Lawyer Recalls Gary Gensler Video On Crypto Panic In Banks

April 16, 2023
What is a Mortgage Broker? (Role, Responsibility, & More)

What is a Mortgage Broker? (Role, Responsibility, & More)

December 27, 2023
Frazer Clarke: ‘I’m not afraid of anyone in the heavyweight division from domestic to world level’ | Boxing News

Frazer Clarke: ‘I’m not afraid of anyone in the heavyweight division from domestic to world level’ | Boxing News

August 2, 2023
Spurs could complete dream window by signing Gvardiol 2.0

Spurs could complete dream window by signing Gvardiol 2.0

January 10, 2024
Local weather Justice Motion in Nigeria to Sort out Oil Polluters Launched — World Points

Local weather Justice Motion in Nigeria to Sort out Oil Polluters Launched — World Points

September 1, 2025
Nessa Barrett Makes Out With ‘Love Island USA’ Rob In Music Video – Hollywood Life

Nessa Barrett Makes Out With ‘Love Island USA’ Rob In Music Video – Hollywood Life

August 4, 2024
N.F.L. Week 2 Predictions: Our Picks Against the Spread

N.F.L. Week 2 Predictions: Our Picks Against the Spread

September 15, 2023
Drew Barrymore Talks Wild Childhood, Playboy Regrets, Telling Her Youngsters ‘No’

Drew Barrymore Talks Wild Childhood, Playboy Regrets, Telling Her Youngsters ‘No’

September 2, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In