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ANKARA (Reuters) - Turkish President Tayyip Erdogan called on Western countries to realise their promises to Russia and do their part in order to revive the Black Sea grain initiative, Turkish media reported on Monday. Speaking to reporters on his flight back from the G20 summit in India, Erdogan said he would again discuss reviving the deal with Russian President Vladimir Putin, and added that the issue would among the top agenda points at the United Nations General Assembly later this month.
Persons: Tayyip Erdogan, Erdogan, Vladimir Putin Organizations: United Nations General Assembly Locations: ANKARA, Russia, India
Russian forces fired two Kalibr cruise missiles at a cargo ship in the Black Sea last month. Turkish-flagged bulker TQ Samsun, carrying grain under UN's Black Sea Grain Initiative, transits Bosphorus in Istanbul, Turkey July 18, 2023. AdvertisementAdvertisementUkraine has tried to remedy the threat by establishing a protected shipping corridor to allow for safe transit through dangerous Black Sea waters. But news of the attempt to deliberately attack the Liberian-flagged cargo ship represents a deadly escalation. Emergency service personnel work at the site of a destroyed building after a Russian attack in Odesa, Ukraine, Thursday, July 20, 2023.
Persons: Rishi Sunak, Yoruk Isik, Vladimir Putin, James, Putin's Organizations: Service, Sea Fleet, Liberian, REUTERS, Russia, AP, Royal Air Force Locations: Moscow, Wall, Silicon, Ukraine, Russian, Russia, Ukrainian, Odesa, Samsun, Istanbul, Turkey, Palau
Signage is seen inside the Lloyd's of London building in the City of London financial district in London, Britain, April 16, 2019. The answer to that is yes," Neal told Reuters in an interview. "Absent UN intervention and UN clearance, we would not sanction the insurance," Neal said. The Lloyd's market estimated loss, net of reinsurance, from the Ukraine conflict was 1.6 billion pounds ($2 billion), he added. Lloyd's recorded a first-half pre-tax profit of 3.9 billion pounds ($4.9 billion) versus a loss of 1.8 billion pounds in the first half of 2022, helped in part by higher premium rates.
Persons: Hannah McKay, John Neal, Neal, Beazley, Adrian Cox, Cox, Lloyd's, Beazley's Cox, Sinead Cruise, Jan Harvey Organizations: REUTERS, United Nations, NATO, Moscow, Reuters, UN, Aeroflot, Thomson Locations: London, City, Britain, Turkey, Russia, Ukraine, Taiwan, Moscow
KYIV, Ukraine (AP) — U.S. Secretary of State Anthony Blinken visited Ukraine’s capital Wednesday where he was expected to announce more than $1 billion in new American funding in a display of Washington’s unflagging support for Kyiv’s fight. Blinken arrived in Kyiv for an overnight visit hours after Russia launched a missile attack on the city. On the train journey to Kyiv, Blinken met with Danish Prime Minister Mette Frederiksen, also on an official visit, to discuss the war. After arriving in Kyiv, Blinken laid a wreath at the city's Berkovetske cemetery to commemorate members of the Ukrainian armed forces who lost their lives defending the country. Blinken’s visit comes after some of Ukraine’s allies have privately expressed concern that Ukrainian troops may fail to reach their objectives.
Persons: State Anthony Blinken, Blinken, ” Blinken, “ We’re, Dmitry Peskov, Volodymyr Zelenskyy, Mette Frederiksen, Matthew Miller, Rustem Umerov, Serhii Popko Organizations: , State, State Department, Kremlin, Russia, Danish, Washington, Initiative, U.S . State Department Locations: KYIV, Ukraine, Ukraine’s, London, Russia, Kyiv, Ukrainian, Odesa, Crimean Tatar, Russian, Polish, U.S, russia, ukraine
REUTERS/Umit Bektas/File Photo Acquire Licensing RightsANKARA, Sept 5 (Reuters) - President Tayyip Erdogan said Turkey is in close contact with the United Nations on reviving the Black Sea grain initiative and he will discuss it with Secretary-General Antonio Guterres at its general assembly this month, Turkish media reported. Speaking to reporters after talks in Russia with Vladimir Putin, Erdogan was quoted as saying the latest U.N. proposal sought to address some Russian demands, and he repeated he believed a solution could be found soon. NATO member Turkey is seeking to convince Russia to return to the so-called Black Sea Grain Initiative, brokered by Ankara and the United Nations. Erdogan will participate in the G20 summit in India on Sept. 9-10 before attending the U.N. General Assembly in New York on Sept. 18-26. "We will have meetings with Guterres there to discuss these issues," Erdogan was cited as saying.
Persons: Umit, Tayyip Erdogan, Antonio Guterres, Vladimir Putin, Erdogan, General Guterres, SWIFT, Putin, Daren Butler, Jonathan Spicer Organizations: REUTERS, Rights, United Nations, Agricultural Bank, TRT, Haberturk, NATO, Initiative, Moscow, General Assembly, Thomson Locations: Ukraine, Izmit, Kocaeli province, Turkey, Rights ANKARA, Russia, Moscow, Europe, Ankara, India, New York
WASHINGTON — Turkish President Recep Tayyip Erdogan said following a meeting with Russian President Vladimir Putin on Monday that a resolution to the suspended Black Sea Grain Initiative can be reached "in a short time." The deal — which was brokered between Turkey, the United Nations, Ukraine and Russia in July 2022 — helped ease the Kremlin's naval blockade in the Black Sea and established a humanitarian corridor for agricultural exports. Putin said that he was ready to "consider the possibility of reviving the grain deal" provided that Russian agricultural products are "fully implemented" in the new agreement. The Russian leader also placed the blame on Western governments for stoking a global food security crisis following Moscow's exit from the Black Sea grain deal. "There is no physical shortage of food," Putin told reporters following the bilateral meeting with Erdogan.
Persons: Recep Tayyip Erdogan, Vladimir Putin, , Erdogan, Read, Putin Organizations: United, UN Locations: WASHINGTON, Turkey, United Nations, Ukraine, Russia, Sochi, Moscow
Image Grain stored in a warehouse in the village of Moloha, in Ukraine’s Odesa region, in July. The meeting was announced after talks on Thursday between the countries’ top diplomats in Moscow ended with no apparent progress in resurrecting the deal, which Russia withdrew from in July. Moscow complained that the deal was being carried out unfairly, and has since repeatedly bombarded Ukrainian grain facilities and threatened civilian ships heading to Ukrainian ports. On Monday, the two leaders also are expected to discuss a proposal to build a gas distribution hub in Turkey that Russia could use to reroute its gas exports. Establishing a gas hub in Turkey could make Ankara a powerful player in international gas markets and give Russia an intermediary through which to reach European buyers.
Persons: Emile Ducke, Vladimir V, Putin, Recep Tayyip Erdogan, Russia’s, António Guterres, Guterres, Erdogan, Mr Organizations: The New York Times, Turkish, Initiative, United Nations, NATO Locations: Moloha, Ukraine’s Odesa, Russia, Ukraine, Moscow, Ukrainian, Ukraine’s, Turkey, Kyiv, New York, Sochi, Russian, Turkish, Ankara
CNN —Ukraine’s President Volodymyr Zelensky has tapped Rustem Umerov, a Crimean Tatar, to become his next defense minister, replacing Oleksii Reznikov at a critical time for Ukraine’s counteroffensive. Umerov will have a bulging in-tray if and when the Ukrainian parliament approves his appointment. The Defense Minister is also Ukraine’s main interlocutor with western allies through the Ukraine Defense Contact Group. Zelensky chose Umerov for the top defense job even though Umerov is not a member of his political party, the Servant of the People. I also explained to colleagues that they should have no hesitation because the invaders are coming to kill.”Rustem Umerov is expected to become Ukraine's next defense minister.
Persons: CNN —, Volodymyr Zelensky, Rustem, Oleksii, Zelensky, Umerov, Stalin, Forbes, , Catherine the Great, , Dogukan, Reznikov, , impinge, ” Reznikov Organizations: CNN, Defense Ministry, Defense, Ukraine Defense Contact, US, Group, State Property Fund, Center, Humanitarian Dialog, Turkish, Anadolu Agency, Getty, Ukrainian Emerging, Stanford University, Analysts, NATO, Ukrainian Defense Ministry, Twitter Locations: Crimean, Kyiv, Ukraine, Russia, Uzbekistan, Crimea, Soviet, Russian, Saudi Arabia, Ukrainian, Norway, Turkey
Turkish Foreign Minister Hakan Fidan met Russian Defence Minister Sergei Shoigu in Moscow on Friday to discuss grain ahead of the Erdogan meeting. "It turned out that it is more difficult to do this than to build new corridors, new ground routes," said Shoigu, who attended the signing ceremony for the Black Sea deal in Istanbul in 2022. Turkey's foreign minister said at a briefing in Moscow on Thursday that reviving the deal was important for the world. U.S. wheat prices rose on Friday, though Lavrov said on Thursday that Russia saw no sign that it would receive the guarantees needed to revive the grain deal. Lavrov said he had discussed Putin's initiative to supply up to 1 million tonnes of Russian grain to Turkey at reduced prices for subsequent processing at Turkish plants and shipping to countries most in need.
Persons: Vladimir Putin, Tayyip Erdogan, Vyacheslav Prokofyev, Putin, Turkey's Tayyip Erdogan, Dmitry Peskov, Erdogan, Hakan Fidan, Sergei Shoigu, Shoigu, it's, Russia's, António Guterres, Sergei Lavrov, Lavrov, Guy Faulconbridge, Kevin Liffey, Conor Humphries, Alison Williams Organizations: Sputnik, Erdogan, UN, United Nations, United, Kremlin, Turkish, Russian, Central African, Initiative, Qatar, Russian Agricultural Bank, SWIFT, Thomson Locations: Asia, Astana, Kazakhstan, Sochi Turkey, Russia, MOSCOW, Black, Sochi, Ankara, Ukraine, United Nations, Turkey, Moscow, Istanbul, Burkina Faso, Zimbabwe, Mali, Somalia, Central African Republic, Eritrea, EU, Odesa
Turkish-flagged bulker TQ Samsun, carrying grain under UN's Black Sea Grain Initiative, is pictured in the Black Sea, north of Bosphorus Strait, off Istanbul, Turkey July 17, 2023. Two Turkish sources told Reuters the pair will meet on Monday and primarily discuss Black Sea grain exports. The Black Sea grain deal was intended to combat a global food crisis that the United Nations said had been worsened by Russia's February 2022 invasion of Ukraine. "We cannot have a Black Sea initiative that moves from crisis to crisis, from suspension to suspension. Russia has said that if demands to improve its own exports of grain and fertilizer were met, it would consider resurrecting the Black Sea agreement.
Persons: Yoruk, António Guterres, Sergei Lavrov, Vladimir Putin, Tayyip Erdogan, Russia's, Guterres, Lavrov, Hakan Fidan, Michelle Nichols, Kanishka Singh, Jonathan Oatis Organizations: REUTERS, UNITED NATIONS, United Nations, Russian, United, Reuters, Turkish, Russian Agricultural Bank, SWIFT, Thomson Locations: Samsun, Bosphorus, Istanbul, Turkey, Russia, United Nations, Ukraine, Russian, Moscow, EU
Investors need to know exactly where the threats to the world's food supply are coming from, what themes are beginning to emerge in this new reality, and how they should be investing. New threats to the world's food supplyIn her report, Chang highlighted the ongoing problems affecting the world's food supply: war, weather, and the weaponization of food. One of the most devastating recently implemented restrictions on food supply is India's decision to ban the exportation of non-Basmati white rice. The combination of war, weather, and the weaponization of food has taken a toll on the world's food availability. And within food innovation, JPMorgan analysts like Philippine food and beverage maker Monde Nissin (MONDE PM) and Thailand-based seafood producer Thai Union (TU TB).
Persons: UNICEF — that's, Global Research Joyce Chang, Chang, El, Hilary, CJ Cheiljedang, Mengniu Dairy, Kubota, Jeronimo Martins SGPS Organizations: JPMorgan, Hurricanes, UNICEF —, Global Research, Grain Initiative, Food Policy Research, Food, Agriculture Commodities, ASEAN, Mahindra, LG, Thai Union, TU, Jeronimo Martins SGPS SA, Tesco PLC, J Sainsbury PLC, Koninklijke Ahold Delhaize, Carrefour SA, Yara International ASA, OCI, OCI NA, Bayer AG, PepsiCo Locations: Ukraine, California, Canada, East Coast, Russia, Africa, Asia, India, El, South Korean, HK, South Korea, Philippine, Thailand, Europe
"The price of global rice prices is particularly worrying," Qingfeng Zhang, a senior director from the Asian Development Bank, told CNBC. Other than India, food inflation has been relatively tame in Asia so far this year. Underscoring how higher food prices erode purchasing power, ADB suggested at that time that a 10% rise in domestic food prices in developing Asia would push 64.4 million into poverty, based on the $1.25-a-day poverty line. Moreover, this spike in rice prices is happening amidst widespread lower food prices. watch nowThis means any spikes in food prices will only translate to food inflation toward the end of this year or early 2024.
Persons: Qingfeng Zhang, El Niño, Niño, Erica Tay, Tay, Tay . Rice, Xi Jinping, Morgan Stanley, Maybank Nomura, Sonal Varma, Si Ying Toh, Nomura, Paul Hughes, Hughes, Global's Hughes Organizations: Istock, Asian Development Bank, CNBC, ADB, United Nations, FAO, Tay . Locations: Ho Chi Minh, Vietnam, Asia, India, Thailand, China, Myanmar, Cambodia, Tay, U.S, El, Australia, Pacific, Singapore, Hong Kong, Indonesia, South Korea, Philippines, Malaysia
Work on an insurance mechanism follows Russia’s withdrawal from the Black Sea Grain Initiative last month, which threatens the safe passage of ships carrying grain to and from Ukrainian ports. To keep grain shipments moving, Ukraine’s government will share potential losses with insurers, which should make cover for travel through risky Ukrainian waters more affordable for commercial shipping companies. Russia’s withdrawal from the grain deal has had a chilling effect on merchant shipping around Ukraine’s three Black Sea ports as the Kremlin warned that ships leaving these ports might come under attack. And earlier this month a Russian warship fired warning shots and boarded a cargo ship in the Black Sea it claims was headed to Ukraine. Last week, the Hong Kong-flagged Joseph Schulte container ship became the first vessel to depart from any of Ukraine’s Black Sea ports since the grain deal broke down on July 17.
Persons: , ” Oleksandr Hryban, Marsh McLennan, Marsh, Oliver Wyman —, Hryban, Marcus Baker, ” Baker, Crispin Ellison, Oliver Wyman, ” Marsh McLennan, Joseph Schulte, Volodymyr Zelensky, Organizations: Kyiv CNN —, United Nations, , CNN, Initiative, Kremlin, Locations: Kyiv, Kyiv CNN — Ukraine, Ukrainian, Turkey, London, Marsh, Russia, Ukraine, Russian, Hong Kong, Odesa, ” Ukraine
Ukrainian Deputy Defense Minister Hanna Maliar during a media briefing of the Security and Defense Forces of Ukraine in Kyiv on April 13, 2023. Ukraine's deputy defense minister said Wednesday that Ukrainian forces had recaptured the occupied eastern village of Urozhaine. Danube ports have become a key export source for Ukrainian grain since Russia suspended the Black Sea Grain initiative in July. The Russian Defense Ministry said it shot down three drones in the Kaluga region southwest of Moscow early Wednesday. It is the latest in a series of drones Russia says it has downed while they were on approach to, or over, the capital in recent months.
Persons: Hanna Maliar Organizations: Security and Defense Forces of, Russian Defense Ministry Locations: Security and Defense Forces of Ukraine, Kyiv, Donetsk, Urozhaine, Russia, Kaluga, Moscow, Ukraine
LONDON, Aug 14 (Reuters) - Merchant ships remained backed up in lanes around the Black Sea on Monday as ports struggled to clear backlogs amid growing unease among insurers and shipping companies a day after a Russian warship fired warning shots at a cargo vessel. After an inspection, the vessel continued its journey towards the Ukrainian port of Izmail along the Danube river, Russia said. Palau-flagged vessel Sukru Okan transits Bosphorus on its way to the Black Sea in Istanbul, Turkey August 13, 2023 this screen grab from a video. Romania on Monday said that it aimed to double the monthly transit capacity of Ukrainian grain to Constanta to 4 million tonnes in the coming months. Sunday's incident cast a pall over plans announced by Ukraine last week for a "humanitarian corridor" in the Black Sea to release cargo ships trapped in Ukraine's ports since the outbreak of war.
Persons: Vasily Bykov, Kviv, Izmail, Gard, Tayyip Erdogan, Vladimir Putin, Joseph Schulte, BSM, Jonathan Saul, Conor Humphries Organizations: Merchant, Insurance, REUTERS, UN, Group, Reuters, Thomson Locations: Russian, Russia, Palau, Izmail, Musura, Romanian, Constanta, Istanbul, Turkey, Romania, Ukraine, Moscow, Ukrainian, Norwegian, Odesa
Ukraine's navy on Thursday announced "temporary corridors for trading vessels" to and from Ukrainian ports, while warning of the continued risk of attack from Russia. Speaking to Reuters, navy spokesperson Oleh Chalyk said cameras would be placed on ships to broadcast footage showing the corridor "is purely a humanitarian mission and has no military purpose." According to the navy's statement, the routes will primarily be used to allow commercial vessels to exit Ukrainian ports. Russia has yet to officially comment on the announcement. Russia in July suspended the Black Sea Grain Initiative, which had facilitated a humanitarian corridor for the export of Ukrainian agricultural goods through the war.
Persons: Oleh Chalyk Organizations: Reuters, Initiative Locations: Ukrainian, Russia
Ukraine detains woman accused of spying on Zelenskiy for Russia
  + stars: | 2023-08-07 | by ( ) www.reuters.com   time to read: +1 min
Ukraine's President Volodymyr Zelenskiy discusses a restoration of the Black Sea grain initiative with Turkish President Tayyip Erdogan via a phone line, amid Russia's attack on Ukraine, in Kyiv, Ukraine July 21, 2023. The Ukrainian security service, the SBU, did not give the name of the alleged agent. A dark-haired woman in a black-and-white dress surrounded by two servicemen was seen in a picture published by the agency. The suspect was arrested in the southern Ukrainian port city of Mykolaiv, the security service said. A court approved her arrest and, if convicted, she would face a prison term for up to 12 years, according to the statement.
Persons: Volodymyr Zelenskiy, Tayyip Erdogan, Volodymyr Zelenskiy's, Zelenskiy, Jamie Freed Organizations: Presidential Press Service, REUTERS, Ukrainian, Reuters, Thomson Locations: Ukraine, Kyiv, Russia, Ukrainian, Mykolaiv, Ochakiv
Turkish-flagged bulker TQ Samsun, carrying grain under UN's Black Sea Grain Initiative, is pictured in the Black Sea, north of Bosphorus Strait, off Istanbul, Turkey July 17, 2023. REUTERS/Yoruk Isik/File PhotoUNITED NATIONS, Aug 4 (Reuters) - Russia said on Friday that U.S. bank JPMorgan (JPM.N) had this week stopped processing payments for the Russian Agricultural Bank as Moscow demanded action, not promises, from Washington to help Russian grain and fertilizer reach global markets. Under a related pact - also brokered in July 2022 - U.N. officials agreed to help facilitate Russian food and fertilizer exports. As a workaround to that demand, JPMorgan had been processing some Russian grain export payments with reassurances from Washington. Russia may export at least 55 million tonnes of grain in the 2023/24 marketing season, slightly less than the estimated record-breaking 57 million tonnes in the 2022/23 season, Russia's Grain Union said last month.
Persons: Yoruk, Dmitry Peskov, Antony Blinken, Maria Zakharova, James O'Brien, O'Brien, Michelle Nichols, Daphne Psaledakis, Simon Lewis, Jane Merriman Organizations: REUTERS, UNITED NATIONS, JPMorgan, Russian Agricultural Bank, SWIFT, European Union, United Nations, U.S . State Department, Russia's, Ministry, Thomson Locations: Samsun, Bosphorus, Istanbul, Turkey, Russia, Moscow, Washington, Ukraine
WASHINGTON — The United States and its Western allies are looking to China to help resolve the calamitous domino effect of Russia's exit from a crucial U.N.-backed agriculture deal. Beijing, one of Moscow's most strategic allies and the world's second-largest economy, was the indisputable top recipient of Ukrainian agricultural products under the landmark agreement known as the Black Sea Grain Initiative. After nearly a year in place, Russia ditched the pact last month, citing frustrations that the deal only benefited Ukraine. The agreement eased Russia's naval blockade in the Black Sea and established a maritime humanitarian corridor which saw the passage of more than 1,000 ships carrying nearly 33 million metric tons of Ukrainian wheat, barley, corn and sunflower meal. Since the inception of the July 2022 deal, which was brokered nearly six months into Russia's full-scale war, Chinese ports have welcomed 8 million metric tons of Ukrainian agricultural products, the lion's share according to data provided by the United Nations.
Persons: WASHINGTON Organizations: Initiative, United Nations Locations: United States, China, Beijing, Russia, Ukraine
View of the damage at a grain port facility after a reported attack by Russian military drones in the Odesa region, Ukraine August 2, 2023. Prosecutor General's Office via Telegram/Handout via REUTERSAMSTERDAM, Aug 3 (Reuters) - Ukraine's prosecutor general is investigating Russian attacks on its agriculture infrastructure since July as potential war crimes, the office told Reuters on Thursday. "Ukraine is investigating these acts as potential war crimes," it said. Ukrainian authorities are already reviewing more than 97,000 reports of suspected war crimes and have filed charges against 220 suspects in domestic courts. It has described recent attacks on Ukraine's grain infrastructure as retaliation for a Ukrainian strike on a bridge across the Kerch Strait to Crimea used to supply its troops in southern Ukraine.
Persons: general's, RIA, Anthony Deutsch, Alex Richardson, Alison Williams Organizations: General's, REUTERS, Grain Initiative, International Criminal, Reuters, Thomson Locations: Russian, Odesa, Ukraine, REUTERS AMSTERDAM, Russia, The Hague, Kherson, Moscow, Kerch, Crimea, Izmail
Turkish-flagged bulker TQ Samsun, carrying grain under UN's Black Sea Grain Initiative, is pictured in the Black Sea, north of Bosphorus Strait, off Istanbul, Turkey July 17, 2023. After Russia quit last month it began targeting Ukrainian ports and grain infrastructure on the Black Sea and Danube River and global grain prices spiked. "This is a cynical policy of deliberately using food as a weapon to create new dependencies by exacerbating economic vulnerabilities and global food insecurity," he added. He said the EU would "continue to support the tireless efforts" of the United Nations and Turkey to revive the Black Sea grain deal. Borrell shared the July 31 letter with his EU counterparts on Wednesday, saying it aimed "to counter Russian disinformation around global food security and the impact of EU sanctions."
Persons: Yoruk, Josep Borrell, Russia, Borrell, Vladimir Putin, Antonio Guterres, Antony Blinken, Michelle Nichols, Grant McCool Organizations: REUTERS, UNITED NATIONS, European, Reuters, United, Russian Agricultural Bank, SWIFT, EU, European Commission, United Nations, Security, Thomson Locations: Samsun, Bosphorus, Istanbul, Turkey, Russia, EU, Moscow, Ukraine, United Nations, Russian, Africa, New York
Turkish President Recep Tayyip Erdogan welcomes Saudi Arabia's Crown Prince Mohammed bin Salman Al Saud in Ankara, Turkey, on June 22, 2022. "We thank the Crown Prince and Government of Saudi Arabia for facilitating [the prisoner exchange]," Sullivan wrote in a separate post. "Saudi Arabia and Turkey are good examples of such mid-level powers now helping shape international realities in a way they rarely did during the Cold War." And Turkey, like Saudi Arabia, refuses to partake in sanctions against Russia, irking its Western allies. Saudi Arabian Crown Prince Mohammed bin Salman (R) meets Ukrainian President Volodymyr Zelenskyy (L) in Jeddah, Saudi Arabia on May 19, 2023.
Persons: Recep Tayyip Erdogan, Saudi Arabia's Crown Prince Mohammed bin Salman Al Saud, Mustafa Kaya, Russian –, Vladimir Putin, , Recep Tayyip Erdogan of, Crown Prince Mohammed bin Salman, Volodymyr Zelenskyy, Jake Sullivan, Putin, Sullivan, Hussein Ibish, Russia's Putin, Vilius Semeska, Selcuk Bayraktar, Haluk Bayraktar, Ibish, Saudi Arabia's Crown Prince Mohammed bin Salman, Saudi Arabian Crown Prince Mohammed bin Salman, Erdogan, Mohammed bin Salman, Ryan Bohl, Rane, Ayham Kamel Organizations: Saudi Arabia's Crown, Getty, Crown, Russia, Handout, Anadolu Agency, Twitter, Ukraine –, Prince, Saudi, Gulf States Institute, CNBC, NATO, Defence, Baykar, Saudi Arabian Crown, Saudi Foreign Ministry, Getty Images, Ukrainian, Arab, Russo, East, Global, Eurasia Group Locations: Ankara, Turkey, Xinhua, Russian, Russia, Recep Tayyip Erdogan of Turkey, Saudi Arabia, Kyiv, Ukraine, Ukrainian, Saudi, Jeddah, U.S, China, India, Brazil, Washington, Turkey's, Lithuanian, Istanbul, Turkish, , Washington, North Africa, Riyadh, Middle East
U.S. Representative to the United Nations Ambassador Linda Thomas-Greenfield speaks during a joint press conference before a UN Security Council meeting at the United Nations headquarters on June 23, 2023 in New York City. Ambassador to the United Nations Linda Thomas-Greenfield slammed Moscow's exit from the deal last month, calling it "another blow to the world's most vulnerable." The bottom line is this: The world needs the Black Sea Grain Initiative. Russia warned that if the Black Sea Grain Initiative did not incorporate fertilizer products into the exports, Moscow would not renew the agreement. Following Moscow's departure from the Black Sea Grain Initiative, Russian forces rained missiles on Ukrainian ports and agricultural facilities, sending wheat prices on a three-day spike.
Persons: Linda Thomas, Greenfield, New York City . WASHINGTON —, United Nations Linda Thomas, Thomas, That's, Sergey Lavrov, , Antony Blinken Organizations: Representative, United Nations, UN Security, United Nations Security Council, Security, Food, Initiative, Russian, U.S, Thomas Locations: New York City . WASHINGTON, United States, Ukraine, Russia, Ukraine's, Odesa, Afghanistan, Ethiopia, Somalia, Sudan, Yemen, Moscow
UK shop price inflation eases in July: BRC
  + stars: | 2023-08-01 | by ( ) www.reuters.com   time to read: +1 min
The British Retail Consortium said annual shop price inflation cooled to 7.4% in July, down from 8.4% in June. Prices fell in month-on-month terms for the first time in two years, the BRC said. The BRC's inflation measure captures prices of goods sold in-store and is seen as a leading indicator for the broader official consumer price index, which measures services and energy costs. Clothing and footwear was the biggest downward driver for shop prices in July, the BRC said, while food price inflation fell to its lowest level this year. The latest official data showed Britain's high rate of inflation fell by more than expected in June and was its slowest in over a year at 7.9%%.
Persons: Helen Dickinson, Andy Bruce Organizations: British Retail Consortium, Initiative, Bank of England, Thomson Locations: India
Pope Francis called on Russia to restore the Black Sea grain deal Sunday. “I appeal to my brothers, the authorities of the Russian Federation, so that the Black Sea initiative may be resumed and grain may be transported safely,” Francis said. "I appeal to my brothers, the authorities of the Russian Federation, so that the Black Sea initiative may be resumed and grain may be transported safely," Francis said during his weekly Angelus message, delivered to Roman Catholics worldwide. Benchmark wheat prices had their biggest one-day jump in over a decade the week Russia pulled out of the Black Sea grain deal, a United Nations-brokered agreement that had allowed Ukraine to export grains and oilseeds through a safe shipping corridor for the past year. As well as Pope Francis, top policymakers from the UN and European Union have warned that Russia's latest economic assault on the West will make it much more expensive for poorer countries to import grain.
Persons: Pope Francis, Moscow, ” Francis, Francis, Angelus, Pope, António Guterres, Josep Borrell Organizations: UN, Russian Federation, Service, United Nations, Chicago Board of Trade, Kremlin, European Union Locations: Russia, Wall, Silicon, Ukraine, Moscow
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