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22 Jul, 2022 15:38 HomeBusiness News Ukraine grain deal signed: Why it matters The agreement between Kiev and Moscow with help from Turkey and the UN could alleviate global food crisis concerns
Ukraine, Russia, Turkey and the UN signed a much-anticipated deal on Friday that paves the way for the resumption of Ukrainian grain shipments from Black Sea ports.
What deal has been reached?
While not all details of the agreement have been revealed, shipments from Ukrainian ports will begin in full in a couple of weeks, according to the UN. The ports will reportedly not be fully demined and the Ukrainian Navy and Coast Guard captains will be allowed to escort ships avoiding mined waters. Officials from Russia and other countries are expected to inspect the shipments to ensure no weapons are smuggled.
Why is the deal important?
Restarting grain shipments from Ukraine, the world’s fifth largest producer, will help secure global food supplies and stem rising concerns about food security.
Why is the grain not leaving Ukraine?
Due to the conflict with Russia. Most exports are shipped via the Black Sea ports, which have been blocked due to the hostilities, while foreign shippers are afraid to go near the conflict zone.
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