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World Business Report: First broadcast 17/07/2023 14:32 GMT : Russia axes Ukraine grain deal

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Russia axes Ukraine grain deal

First broadcast 17/07/2023 14:32 GMT 

First broadcast 17/07/2023 14:32 GMT : Russia axes Ukraine grain deal

BBC World Service - World Business Report, Russia axes Ukraine grain deal

According to Kremlin, the agreements had reached a "de facto" end

Russia has notified the UN, Turkey and Ukraine that it will not renew a crucial grain deal that allowed Ukraine to export grain through the Black Sea.

The deal to allow Ukrainian grain to be safely exported seems to be at an end. Russia says it is halting its involvement in the agreement brokered by the United Nations last summer. Without a deal, global food supplies are likely to be severely disrupted - Russia and Ukraine are major players in the wheat, barley, sunflower seed and sunflower oil markets.

(Picture: Field of wheat Picture credit: ELVIS - BBC picture library)

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First broadcast 17/07/2023 14:32 GMT : Russia axes Ukraine grain deal

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