Ukraine holding online talks with partners on grain export deal extension, says source

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The Black Sea Grain Initiative is due to expire on March 18 unless an extension is agreed. Read more at straitstimes.com.

Mr Yuriy Vaskov, Ukraine’s deputy minister of restoration, told Reuters in February that Kyiv would ask all sides to start talks on extending the deal by at least one year and that Ukraine wants the city of Mykolaiv’s ports included.

Turkish Foreign Minister Mevlut Cavusoglu said last week that Ankara is working hard to extend the initiative, while Russia has signalled that it is unhappy with aspects of the deal. Moscow has said it will agree to extend the Black Sea grain deal only if the interests of its own agricultural producers are taken into account.But Moscow says restrictions on its payments, logistics and insurance industries are a “barrier” to it being able to export its own grains and fertilisers.

Ukraine’s grain exports are down 26.6 per cent at 32.9 million tonnes in the 2022/2023 season as at Monday, hit by a smaller harvest and logistical difficulties caused by Russia’s invasion. REUTERS

 

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