Current:Home > StocksExtension reached for Black Sea grain deal -Quantum Capital Pro
Extension reached for Black Sea grain deal
View
Date:2025-04-14 14:30:24
United Nations – After intense negotiations and multiple shuttle trips to Kyiv, Moscow and Istanbul by U.N. officials, including the secretary-general, Russia agreed to an extension of the so-called Black Sea Grain Initiative.
The deal, which will allow for the continued exportation of crucial grain supplies from Ukraine, had been due to expire on Saturday evening. The shipments from Ukraine are an essential part of the food supply for countries stretching from North Africa to the Middle East to South Asia. Ukraine is one of the world's largest grain exporters, and normally supplies around 45 million tons of grain, according to the U.N.
"The Initiative allows for the facilitation of the safe navigation for the exports of grain and related foodstuffs and fertilizers, including ammonia, from designated Ukrainian seaports," U.N. Secretary-General spokesman Stephane Dujarric said in a statement. "During the first two terms, some 25 million metric tonnes of grain and foodstuffs have been moved to 45 countries, helping to bring down global food prices and stabilizing the markets."
The sudden halt in shipments following Russia's invasion of Ukraine, just over a year ago, sent prices skyrocketing and threatened millions with hunger. Under a U.N.-brokered agreement, grain shipments restarted in July, and the agreement was extended last November.
But with the war raging and Russia's complaints about the exports of fertilizers, Russia's agreement to extend came into question.
"The continuation of the Black Sea Grain Initiative is crucial for global food security, as grain and fertilizer prices and availability have not returned to pre-war levels, causing hardship particularly in developing countries," the U.N. said Monday.
Even with the agreement made, the number of days that the deal would be extended had sparked controversy and delayed the extension until the 11th hour — and remains "ambiguous," a source close to the negotiations told CBS News.
On Saturday, Ukraine's restoration and infrastructure Vice Prime Minister Oleksandr Kubrakov tweeted that the initiative had been extended for 120 days, as Ukraine had wanted. On Friday at the Security Council, Russia's U.N. Ambassador Vassily Nebenzia said Russia informed Turkey and Ukraine that they would agree to 60 days.
Following talks in Geneva last week between delegations from Russia and the U.N., Russia's Deputy Foreign Minister Sergey Vershinin announced on Monday that Russia was "ready to accept" a 60-day extension in order to see if progress can be made on the export of Russia's food and fertilizers, after previously casting doubt on any renewal last week.
On Monday in Geneva, Rebeca Grynspan, Secretary-General of the U.N. Conference on Trade and Development, and Martin Griffiths, the Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, met with a delegation from the Russia led by the deputy foreign minister.
The discussions focused on both the Black Sea Grain Initiative — which involves Russia, Ukraine, Turkey and the U.N. — and an agreement between Russia and the U.N. to facilitate exports of Russian food and fertilizer.
"The two agreements have had a positive impact on global food security, with millions of tons of grain reaching global markets," U.N. humanitarian agency officials said in a statement.
The agreement has been important to U.N. humanitarian agencies' efforts to help alleviate a worsening food crisis in some of the poorest parts of the world. Secretary-General Antonio Guterres has said the deal "contributed to lowering the global cost of food and has offered critical relief to people, who are also paying a high price for this war, particularly in the developing world."
Thanking Turkey for its joint stewardship of the agreements, the U.N. said that the Black Sea Grain Initiative with the Memorandum of Understanding on promoting Russian food products and fertilizers to the world markets, "are critical for global food security, especially for developing countries."
- In:
- Ukraine
- Russia
- United Nations
Pamela Falk is the CBS News correspondent covering the United Nations, and an international lawyer.
TwitterveryGood! (97)
Related
- 'Most Whopper
- Florida city commissioner accused of spending 96-year-old's money on facelift, hotels
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Closing Numbers
- Arkansas airport executive shot during attempted search warrant, police say
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Arizona has struggled in the NCAA Tournament. Can it shake it off with trip to Final Four?
- A Nashville guide for Beyoncé fans and new visitors: Six gems in Music City
- February home sales hit strongest pace in a year as mortgage rates ease and more houses hit market
- The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
- How much money is bet on March Madness? The 2024 NCAA tournament is expected to generate billions.
Ranking
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- Lisa Ann Walter would 'love' reunion with 'The Parent Trap' co-star Lindsay Lohan
- New bipartisan bill would require online identification, labeling of AI-generated videos and audio
- Telescope images capture galaxies far far away: See photos
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Why Jim Nantz isn't calling any March Madness games this year
- Keep Your Car Clean and Organized With These 14 Amazon Big Spring Sale Deals
- Alix Earle Recommended a Dermaplaning Tool That’s on Sale for $7: Here’s What Happened When I Tried It
Recommendation
Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
Lenny Kravitz Shares Insight Into Bond With Daughter Zoë Kravitz's Fiancé Channing Tatum
U.K. authorities probe possible Princess Kate medical record breach as royals slog through photo scandal
Pro-Trump attorney returns to Michigan to turn herself in on outstanding warrant
Nearly half of US teens are online ‘constantly,’ Pew report finds
Lenny Kravitz Shares Insight Into Bond With Daughter Zoë Kravitz's Fiancé Channing Tatum
Florida Gov. DeSantis signs bill banning homeless from camping in public spaces
CVS CEO Karen Lynch on decision to carry the abortion pill, cybersecurity threats