Russia said Monday it has halted an unprecedented wartime deal that allows grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and high food prices have pushed more people into poverty. Know more:
Workers load grain at a grain port in Izmail, Ukraine on April 26, 2023. The fate of a wartime deal designed to move food from Ukraine to parts of the world where millions are going hungry is unclear as it faces renewal Monday, July 17, 2023.LONDON—Russia said Monday it has halted an unprecedented wartime deal that allows grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and high food prices have pushed more people into poverty.
The warring nations are both major global suppliers of wheat, barley, sunflower oil and other affordable food products that developing nations rely on. The war in Ukraine sent food commodity prices surging to record highs last year and contributed to a global food crisis also tied to conflict, the lingering effects of the Covid-19 pandemic, droughts and other climate factors.
“The Black Sea deal is absolutely critical for the food security of a number of countries,” and its loss would compound the problems for those facing high debt levels and climate fallout, said Simon Evenett, professor of international trade and economic development at the University of St. Gallen in Switzerland.
The Black Sea Grain Initiative has allowed three Ukrainian ports to export 32.9 million metric tons of grain and other food to the world, more than half of that to developing nations, according to the Joint Coordination Center in Istanbul.
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