Moscow’s withdrawal from the wartime deal on Monday threatens to push up food prices for consumers worldwide and could tip millions of people into hunger.
The White House said the deal had been “critical” to bringing down food prices around the globe, which spiked after Russia invaded Ukraine in February last year.
Tensions between the two countries heightened on Wednesday, limiting the possibility that the deal to export critical commodities across the Black Sea will be restarted.
Wheat prices are still down more than 50% from their all-time high in March 2022.
The Black Sea deal — originally brokered by Turkey and the United Nations a year ago — has ensured the safe passage of ships carrying grain from Ukrainian ports.
Persons:
“, ” Adam Hodge, Volodymyr Zelensky, Russia “, —, Vladimir Putin, — CNN’s Katharina Krebs
Organizations:
New, New York CNN, US National Security Council, Russian Defense Ministry, Wednesday, United Nations, Organization for Economic Co
Locations:
New York, Europe, Ukraine, Russia, Odesa’s, Turkey, Istanbul, Kyiv, Moscow