Business news from Ukraine

President of the European Council welcomes the extension of the Black Sea Grain Initiative

17 November , 2022  

The President of the European Council, Charles Michel, supported the decision of the participants of the Black Sea Grain Initiative to extend the deal.

“I applaud the expansion of the Black Sea Grain Initiative. With 10 million tonnes of grain already exported from Ukraine through this initiative, this is good news for a world in dire need of access to grain and fertilizer,” Michel tweeted on Thursday.

At the same time, he highly appreciated the constant efforts of the United Nations in this direction, as well as its Secretary General António Guterres personally.

Earlier, Minister of Infrastructure of Ukraine Oleksandr Kubrakov said that the initiative for the safe transportation of agricultural products by the Black Sea was extended for another 120 days, the UN and Turkey remained guarantors of implementation.

According to Guterres, the grain initiative is needed to reduce food and fertilizer prices, as well as to prevent a global food crisis. He also stressed that the UN “is committed to work to remove obstacles to the export of food and fertilizers from Russia.”

In Istanbul on July 22, with the participation of the UN, Russia, Turkey and Ukraine, two documents were signed on the creation of a corridor for the export of grain from three ports on Ukrainian territory – Chornomorsk, Odessa and Yuzhny.