Business news from Ukraine

UN says Black Sea Grain Initiative has not resumed in full

28 May , 2023  

An agreement on the safe export of Ukrainian grain from Black Sea ports has not been renewed in full, after Russia said it had been extended, the United Nations said Friday, May 26, Reuters reported.
“The agreement allowing safe exports of grain and fertilizers from Ukrainian Black Sea ports has not yet resumed in full, the United Nations said on Friday, after Russia decided last week to extend it,” it said.
The pact, called the Black Sea Grain Initiative, brokered by the United Nations and Turkey last July with Russia and Ukraine to alleviate a global food crisis exacerbated by Moscow’s invasion of Ukraine, covers three ports, but since April 29, no ships have been allowed to call at the Yuzhny port, the UN said.
The UN and Turkey are “working closely with other parties to restore full operations … and remove all obstacles that impede operations and limit the scope of the Initiative,” the UN said in a statement.

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