RUSSIA – UKRAINE GRAIN EXPORT DEAL

What is the grain export deal?

• The deal makes provisions for the safe passage of ships. It foresees the establishment of a control center in Istanbul, to be staffed by U.N., Turkish, Russian and Ukrainian officials, to run and coordinate the process.
• Ships would undergo inspections to ensure they are not carrying weapons.
• No Russian ship would escort vessels and that there would be no Russian representative present at Ukrainian ports.

Why was the grain export deal signed?

• The agreement potentially averted the threat of a catastrophic global food crisis.
• Ukraine is one of the world’s largest exporters of wheat, corn and sunflower oil, but Russia’s invasion of the country and naval blockade of its ports have halted shipments.
• Some grain is being transported through Europe by rail, road and river, but the prices of vital commodities like wheat and barley have soared during the nearly five-month war.