June 19, 2023
2 mins read

Russia signals intention to pull out of Black Sea grain deal

The initial agreement lasted for 120 days, but was extended several times since then. It’s now set to expire on July 17…reports Asian Lite News

The deal allowing Ukrainian grain to be exported via the Black Sea has “no chance” of being extended, after it lapses in mid July, as things stand at the moment, a top Russian official said on Sunday.

Russia has “shown goodwill several times, made concessions” and extended the agreement, but what was promised to Moscow as part of the deal still hasn’t been fulfilled, Kremlin Press Secretary Dmitry Peskov said in an interview with Izvestia newspaper, RT reported.

“It’s hardly possible to predict some sort of a final decision here, but we can only state that – judging de facto by the status that we now have – this deal has no chance.

“The deal implies deeds; deeds on the part of the contracting states or organisations. And one part of this deal was done, and the second part, which related to (promises made to) Russia, was never done,” he contended.

The deal, brokered by the UN and Turkey, was signed in July 2022 and provided for the safe shipment of Ukrainian grain though Black Sea corridors in exchange for the US and EU removing obstacles to exports of Russian food products and fertilisers. The West has claimed that it never restricted those items, but Moscow has argued that it still couldn’t supply them to foreign buyers due to shipping, insurance and brokerage sanctions, which were imposed on Moscow over its conflict with Kiev.

The initial agreement lasted for 120 days, but was extended several times since then. It’s now set to expire on July 17.

Speaking to a delegation of African leaders in St. Petersburg on Friday, Russian President Vladimir Putin noted that “the supply of Ukrainian grain to world markets doesn’t solve the problems of African countries in need of food”.

Despite the West promising that the deal would help the poorest nations, only 3.1 per cent of the shipments of Ukrainian grain have ended up in Africa, with 38.9 per cent of them going to the EU, he said.

Earlier this week, Putin said Moscow “was thinking about exiting this grain deal” because nothing had been done to facilitate Russia’s food and fertiliser exports. He also said safety corridors in the Black Sea had been used by Ukraine to launch naval drones.

ALSO READ-UN chief welcomes Russian decision to extend Black Sea grain deal

Previous Story

Lanka grants over 100 EV import permits to migrant workers

Next Story

Pak looks for $4B from friends if IMF deal fails

Previous Story

Lanka grants over 100 EV import permits to migrant workers

Next Story

Pak looks for $4B from friends if IMF deal fails

Latest from -Top News

Taiwan condemns China over manoeuvres near Palawan

Taiwan has criticised the China Coast Guard over what it described as dangerous manoeuvres involving a Philippine fisheries vessel near Palawan….reports Asian Lite News Desk Taiwan has condemned what it described as

Ahmadis Face Rising Violence Across Pakistan

A rights organisation has raised concern over a series of attacks targeting members of Pakistan’s Ahmadiyya community, including the shooting of a father and son in Punjab….reports Asian Lite News Desk A

India Joins G20 Energy Deal in Houston

India has joined G20 members in endorsing four outcomes covering energy access, infrastructure approvals, water reuse and critical mineral supply chains…reports Asian Lite News Desk India has joined other G20 members in

Trump Plans AI Force and Appointment of AI Czar

Trump plans ‘AI Force’ and ‘AI Czar’ as US debate over technology intensifies…reports Asian Lite News Desk US President Donald Trump has announced plans to establish an “AI Force” and appoint an
Go toTop

Don't Miss

Russia’s historical grievance towards West triggered invasion of Ukraine

In 1993, Russian President Boris Yeltsin wrote to US President

New transport arteries set to boost India-Russia trade

It also plays an important role in India’s plan for