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Business Matters: Russia pulls out of grain deal

Russia pulls out of grain deal

18/07/2023 GMT

BBC World Service - Business Matters, Russia pulls out of grain deal

The US has criticised Russia after pulling out of the Black Sea grain deal

The deal allowing Ukraine to safely export grain via the Black Sea has officially expired after Russia pulled out of the crucial agreement.

Moscow notified the UN, Turkey and Ukraine on Monday that it would not renew the Black Sea grain initiative, accusing the West of not keeping its side of the bargain. The decision has been condemned by world leaders including the Secretary-General of the United Nations, António Guterres and the US Secretary of State, Antony Blinken.
 
(A farmer holds grains in pictured July 16, 2023. Source: Getty Images)

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