Business news from Ukraine

Joe Biden called for an extension of “grain deal”

22 September , 2022  

It is necessary to achieve an extension of the Istanbul food deal, as this will help feed the world, US President Joe Biden said during a speech at the UN General Assembly on Wednesday.
“I am grateful for the work of the UN, including the leadership of Secretary General António Guterres, thanks to which it was possible to create a mechanism that allows exporting grain from Ukrainian ports in the Black Sea … We need to ensure that it is extended,” Biden said during of his speech, noting “faith in the need to feed the world”.
The US President added that Russia is trying to blame the food crisis on the sanctions that Western countries have imposed against it. However, according to him, “our sanctions regimes quite clearly allow Russia to export food and fertilizers.”
Biden also said the US will donate $2.9 billion in humanitarian aid and food security assistance this year.

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