Current:Home > FinanceExtension reached for Black Sea grain deal -VisionFunds
Extension reached for Black Sea grain deal
PredictIQ View
Date:2025-04-06 12:58:07
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! (46119)
Related
- 2025 'Doomsday Clock': This is how close we are to self
- Gap names fashion designer Zac Posen as its new creative director
- NASA PACE launch livestream: Watch liftoff of mission to examine Earth's oceans
- Illinois man receives sentence after driving into abortion clinic, trying to set it on fire
- Questlove charts 50 years of SNL musical hits (and misses)
- Man awarded $25 million after Oklahoma newspaper mistakenly identified him as sports announcer who made racist comments
- Employers can now match student debt payments with retirement contributions. Will they?
- Scientists rely on private funding to push long COVID research forward
- What do we know about the mysterious drones reported flying over New Jersey?
- Cheese recall: Dozens of dairy products sold nationwide for risk of listeria contamination
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- GoFundMe says $30 billion has been raised on its crowdfunding and nonprofit giving platforms
- Travis Kelce was one of NFL's dudeliest dudes. Taylor Swift shot him into the stratosphere.
- Prince William Returns to Royal Duties Amid King Charles III’s Cancer Treatment
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Can an employer fire or layoff employees without giving a reason? Ask HR
- Ex-'Mandalorian' star Gina Carano sues Lucasfilm, Disney for wrongful termination
- What’s next as Trump tries to stave off his 2020 election trial? All eyes are on the Supreme Court
Recommendation
In ‘Nickel Boys,’ striving for a new way to see
Toby Keith dead at 62: Stars and fans pay tribute to Red Solo Cup singer
House to vote on GOP's new standalone Israel aid bill
Jussie Smollett asks Illinois high court to hear appeal of convictions for lying about hate crime
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Penn Museum buried remains of 19 Black Philadelphians. But a dispute is still swirling.
Postal Service, once chided for slow adoption of EVs, announces plan to cut greenhouse gas emissions
A bill that would allow armed teachers in Nebraska schools prompts emotional testimony