DIRS.INFO The most relevant business & tech news

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

UNITED NATIONS – The basic food security of tens of millions across the globe is hanging by a thread as Russia mulls whether it will preserve a deal that has permitted Ukrainian grain to move through the Black Sea. Russian Foreign Minister Sergey Lavrov on Tuesday renewed threats of abandoning the Black Sea Grain Initiative, an agreement that allows the safe wartime export of agricultural products from besieged Ukrainian ports. Lavrov also said that the deal is currently one-sided since Russian fertilizers have not been able to transit the same way Ukrainian grain has. "It was not called the grain deal it was called the Black Sea Initiative and in the text itself the agreement stated that this applies to the expansion of opportunities to export grain and fertilizer," Lavrov told reporters during a press conference. Lavrov said there are dozens of Russian cargo vessels carrying some 200,000 tons of fertilizer stuck at European ports.

The Black Sea Grain Initiative eased Russia's naval blockade and saw the reopening of three key Ukrainian ports. The agreement to create the sea corridor was negotiated by representatives from Ukraine, Russia, the U.N. and Turkey in July. Since then, more than 400 ships carrying 10 million metric tons of agricultural products have departed from war-weary Ukraine's ports. Last week, Moscow suspended its participation in the Black Sea Grain Initiative, citing retaliation for what it called Kyiv's "act of terrorism" against Russian warships. And we must all be determined to do whatever is necessary in order to make sure that we have the renewal of the Black Sea Grain Initiative," Guterres told reporters at the United Nations in New York.

Barbados-flagged general cargo ship Fulmar S is pictured in the Black Sea, north of the Bosphorus Strait, in Istanbul, Turkey August 5, 2022. UNITED NATIONS — As world leaders gather for the third day of high-level meetings at the U.N. headquarters in New York City, seven vessels carrying precious crops quietly departed Ukrainian ports. The ships sail by way of the Black Sea Grain Initiative, a U.N.-backed deal aimed at easing Russia's naval blockade and reopening three key Ukrainian ports. Representatives from Ukraine, Russia, the U.N. and Turkey held negotiations to create the sea corridor in Istanbul earlier this year and signed the landmark deal on July 27. Since then, more than 180 ships carrying a total of 4.2 million metric tons have departed Ukraine's ports.

Search resuls for: "Amanda Macias Gabriel Cortés"

4 mentions found