grain agreement

The Russian Federation has been blocking the registration of vessels as part of the “grain agreement” since June 26.

EU member states expressed deep concern over the slow down in the implementation of the Grain Agreement and noted that the Russian Federation continues to use food as a weapon.

Termination of the Grain Agreement by a terrorist country will have a severe impact on food security in East Africa.

Shipowners are ready to enter Ukrainian ports despite the risks and even without an agreement on the work of the Joint Coordination Center.

The agreement reached in mid-May on the continuation of the “grain corridor” for two months did not contribute to the expected increase in freight rates.

The government and grain market participants have developed a number of alternative grain export strategies in the event of termination of the Grain Agreement.

Ukraine’s export performance will deteriorate if the “grain corridor” ceases to operate – the National Bank does not rule out a possible increase in pressure on the hryvnia.

The United States called on the UN Security Council to pressure Russia to extend the Grain Agreement.

The Ministry of Foreign Affairs of Ukraine believes that the Russian Federation will withdraw from the Grain Agreement in July.

UN Secretary General António Guterres called for the continuation of the Black Sea Initiative.