Russia Ukraine Grain Deal News: Wheat Prices Soar After Vladimir Putin Threaten Grain Shipment In Black Sea
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Meanwhile, the US has alleged that Russia is planning to target Ukrainian cargo ships. At the same time, Putin has said that if his demands are accepted, he will immediately return to the grain agreement. Putin has demanded that the Agricultural Bank of Russia be linked to the global payment system. Meanwhile, Russia’s fierce attacks on Ukraine continue. Ukraine has appealed to the world for help regarding the grain agreement. Meanwhile, after Russia’s announcement, the price of wheat in the European Stock Exchange has increased by 8.2 percent in a single day.
Ukraine’s 60 thousand tons of grain destroyed in Russian attack
Apart from this, the price of maize has also increased by 5.4 percent. Ukraine is one of the largest exporters of wheat. Ukrainian Agriculture Minister Mykola Solsky has said that 60,000 tonnes of grain has been destroyed in the Russian attack. Apart from this, the infrastructure for exporting wheat has also been destroyed. Russia on Tuesday targeted Ukrainian ports used to export wheat, soon after Russia pulled out of the deal. If this deal does not start again, then its widespread effect will be seen from India to Africa. There may be a situation of starvation in African countries.
Meanwhile, the Russian Defense Ministry said in a statement that Russia would consider all ships sailing through the waters of the Black Sea to Ukrainian ports as ‘potential carriers of military cargo’. Russia said on Wednesday that “due to the termination of the Black Sea Initiative and the reduction of the Maritime Humanitarian Corridor, all ships en route to Ukrainian ports in the Black Sea will be considered as potential carriers of military cargo from 12 midnight on 20 July.” The ministry said the countries whose flags would be present on those ships would be viewed by Ukraine as parties to the conflict.
Russia canceled the Black Sea grain deal, a decision by Putin will increase the crisis in the world
Deal was done in Russia and Ukraine with the help of Turkey
It added that several areas in the northwestern and southeastern parts of the international waters of the Black Sea have been declared temporarily dangerous to navigation. Russia and Ukraine signed the Black Sea Grain Initiative in Istanbul in July 2022 separately with Turkey and the United Nations. This allowed Ukraine to export its grain and other agricultural products from its Black Sea ports. Moscow suspended its participation in the agreement on July 17, 2023, saying it would return to the agreement as soon as the Russian part of the agreements was completed.
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