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Free AccessGuterres Voices Concern Russia Could Quit Black Sea Grain Deal
UN Secretary General Antionio Guterres has voiced his concern that Russia could withdraw its support from the Black Sea Grain Initiative, that would result in its suspension from 17 July onwards. Talks resumed late last week between Russia, Ukraine, Turkey and the UN in Geneva as the mediators seek to ensure the deal's continuation, which would ensure a steady supply of cheap grain to MENA nations and avoid the prospect of a spike in global wheat prices.
- Russia has sounded negative on the prospects of an extension, citing damage to an ammonia fertiliser pipeline running from Russia through Ukraine to the port of Odessa as reason enough to withdraw its support for the agreement.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.