What is the Black Sea grain deal; where does it stand after Russia's exit?
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The United Nations has said the Black Sea grain agreement would be extended for 120 days after Russia agreed to a 60-day extension of the deal after negotiations in Geneva, CNN reported.
The Black Sea Grain Initiative is an agreement between Ukraine and Russia, brokered by the UN and Turkey, that was established in July 2022 to guarantee safe passage for ships carrying grain and oilseeds -- some of Ukraine's most important exports.
"The agreement is public, it's an open document. It foresees a rollover of 120 days," UN spokesperson Stephane Dujarric said, according to CNN.
As the Black Sea grain agreement expires this weekend, Russia agreed to the 60-day extension.
Russian state-run news agency RIA, citing Deputy Foreign Minister Alexander Grushko, reported on Monday that Russia and the UN had agreed to a 60-day extension of the grain deal after the negotiations in Geneva.
Kremlin spokesperson Dmitry Peskov said on Tuesday the addition of 60 days was a "goodwill gesture" on Russia's part when asked by reporters why the deal had not been extended by 120 days.
Earlier, on November 2, Russia resumed its participation in the Black Sea grain deal, after securing guarantees from Ukraine on the non-use of the humanitarian corridor and ports designated for the export of agricultural products for military operations.
"With the help of an international organisation and Turkey, the necessary written guarantees from Ukraine on the non-use of the humanitarian corridor and Ukrainian ports designated for the export of agricultural products for military operations against the Russian Federation were obtained and submitted to the Joint Coordination Centre (JCC) on November 1," the Russian defence ministry said in a statement.
"The Russian Federation believes that the guarantees received at this time are adequate and resumes implementation of the agreement - the Initiative for the Safe Transportation of Grain and Food from Ukrainian Ports (the Black Sea Initiative) - which had been halted following the terrorist attack in Sevastopol," the statement added.
The UN-brokered Black Sea Grain Initiative was signed during a ceremony in Istanbul in July. Under the deal, ships transporting grain from three Ukrainian ports travel along an agreed corridor to markets worldwide.
(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.)
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First Published: Fri, March 17 2023. 07:41 IST
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