The Russian Defense Ministry said Saturday that Moscow has moved to suspend its implementation of a UN-brokered grain export deal which has seen more than 9 million tons of grain exported from Ukraine and brought down global food prices.
The ministry cited an alleged Ukrainian drone attack against Russia's Black Sea Fleet ships moored off the coast of occupied Crimea, which Russia says took place in early Saturday, as the reason for the move. Ukraine has denied the attack.
The Russian declaration came one day after U.N. chief Antonio Guterres urged Russia and Ukraine to renew the deal. Guterres also urged other countries, mainly in the West, to expedite the removal of obstacles blocking Russian grain and fertilizer exports.
The U.N. chief underlined the urgency of renewing the deal brokered by the United Nations and Turkey in July, which expires on Nov. 19, to contribute to food security across the world, and to cushion the suffering that this global cost-of-living crisis is inflicting on billions of people, his spokesman said.
Russia's U.N. Ambassador Vassily Nebenzia said before Moscow discusses a renewal Russia needs to see the export of its grain and fertilisers in the world market, which has never happened since the beginning of the deal.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)