Russia and Ukraine sign grain export deal: What you should know

by | Jul 22, 2022 | World

Russia and Ukraine have signed a landmark deal with the United Nations and Turkey on resuming grain shipments in an attempt to ease a global food crisis in which millions face hunger.Russian defence minister Sergei Shoigu and Ukrainian infrastructure minister Oleksandr Kubrakov each signed separate but identical agreements with UN and Turkish officials on reopening blocked Black Sea delivery routes.
Kyiv officials said they did not want to put their name on the same document as the Russians because of the five-month war that has killed thousands and displaced millions of Ukrainians.
Here is what you need to know:
What is the objective of the deal?
Russia’s invasion of Ukraine on February 24 led to a de-facto blockade of the Black Sea, resulting in Ukraine’s exports dropping to one-sixth of their pre-war level. Both Kyiv and Moscow are among the largest exporters of grain in the world, and the blockade has caused grain prices to rise dramatically.
The deal aims to help avert famine by injecting more wheat, sunflower oil, fertiliser and other products into world markets, including for humanitarian needs. It targets the pre-war level of five million metric tonnes of grain exported each month.
The UN World Food Programme says some 47 million people are now in a stage of “acute hunger” due to fallout from the war and experts have long warned of a looming global food crisis if Ukrainian grain exports remained blocked.
Ukraine a …

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