The Black Sea deal has allowed Ukraine to ship more than 30 million tons of produce from three major ports, helping to bring down global food prices down after they spiked following Russia's invasion.
Last week, Secretary-General Antonio Guterres sent a letter to Russian President Vladimir Putin outlining proposals to salvage the deal.
REUTERS/Nacho Doce Nacho Doce | ReutersBefore Russian troops poured over Ukraine's borders in late February 2022, Kyiv and Moscow accounted for almost a quarter of global grain exports.
Those agricultural shipments came to a halt for nearly six months until representatives from Ukraine, Russia, the U.N. and Turkey agreed to establish a humanitarian sea corridor under the Black Sea Grain Initiative.
One of Moscow's top demands though is for the Russian Agricultural Bank, or Rosselkhozbank, to return to the SWIFT banking system.
Persons:
Akos Stiller, Antonio Guterres, Vladimir Putin, U.N, Stephane Dujarric, Putin, Sergei Lavrov, Sean Gallup, Sergey Lavrov, Lavrov, That's, SWIFT
Organizations:
Bloomberg, Getty Images WASHINGTON, Kremlin, REUTERS, Reuters, Russian, Food, Sea Initiative, Russian Agricultural Bank, Society, Worldwide Interbank Financial Telecommunication
Locations:
Bicske, Hungary, Ukraine, Russia, Moscow, Ukrainian, UN, Turkey, Odesa, Kyiv, Ukraine's, Afghanistan, Ethiopia, Somalia, Sudan, Yemen, Yuzhny, Moscow's