A Russian delegation at talks with senior UN officials said Monday that Moscow is ready to accept an extension to a grain export deal that has helped bring down global food prices amid the war in Ukraine. Know more:
GENEVA—A Russian delegation at talks with senior UN officials said Monday that Moscow is ready to accept an extension to a grain export deal that has helped bring down global food prices amid the war in Ukraine—but only for 60 days as the Kremlin holds out for changes to how the arrangement is working.
Ukraine charged that the Russian proposal to extend it only for 60 days goes against the deal, although the language of the agreement allows the parties to roll it over or “modify” it—as Russia did Monday. Moscow has voiced frustration that a parallel agreement has failed to fully open the door to Russian exports of grain and fertilizer through the Black Sea. Still, overall Russian wheat shipments were at or near record highs in November, December and January, increasing 24% over the same three months a year earlier, according to financial data provider Refinitiv.
As part of the arrangement, Moscow wants Russian ammonia to be fed through a pipeline across Ukraine to Black Sea ports for possible export. Russian officials also say banking restrictions and high insurance costs have hurt their hopes of exporting fertilizer. The loss of those supplies, after Russia launched its full-scale invasion in February 2022, drove global food prices higher and fueled concerns of a hunger crisis in poorer countries.
On the front lines in Ukraine, the eastern city of Bakhmut remained the site of fierce fighting, with Ukrainian forces denying Russian forces the prize of its capture after six months of attrition.
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