LONDON (AP) — Russia has suspended a wartime deal designed to move grain from Ukraine to parts of the world where millions are going hungry. The Black Sea Grain Initiative, brokered by the U.N. and Turkey, has allowed 32.9 million metric tons (36.
LONDON — Russia has suspended a wartime deal designed to move grain from Ukraine to parts of the world where millions are going hungry.
Interrupted shipments from Ukraine, dubbed the “breadbasket of the world,” exacerbated a global food crisis and sent prices for grain soaring worldwide. Once the grain deal was struck, the World Food Program got back a top supplier, allowing 725,000 metric tons of humanitarian food aid to leave Ukraine and reach countries on the precipice of famine, including Ethiopia, Afghanistan and Yemen.
“It’s not uncommon in situations like this for countries to use whatever levers they have to try and get sanctions regimes changed," said Simon Evenett, professor of international trade and economic development at the University of St. Gallen in Switzerland. The Russian Defense Ministry said in a statement Monday that the last-minute offer was not feasible and couldn’t be implemented.
While global prices for grain may stabilize, countries that depend on imported food, from Lebanon to Egypt, may see their costs rise for a while if they need to find suppliers that are farther away, analysts say. Nonetheless, the Ukrainian Grain Association wants to send more grain through the Danube River to neighboring Romania's Black Sea ports, saying it's possible to double monthly exports along that route to 4 million metric tons.
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