• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 22 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 1 hour How Far Have We Really Gotten With Alternative Energy
  • 22 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 3 days Bankruptcy in the Industry
  • 2 hours e-truck insanity
  • 13 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 4 days The United States produced more crude oil than any nation, at any time.

Russian Diplomat Says Moscow May Not Renew Grain Deal

Moscow is prepared to reject the renewal of an agreement on grain exports from Black Sea ports unless its demands are addressed, Russia's UN ambassador in Geneva has told Reuters.

Moscow has submitted a list of complaints about the agreement, brokered by the United Nations and Turkey in July, to the United Nations, said Gennady Gatilov in an interview with Reuters published on October 13.

The agreement paved the way for Ukraine to resume grain exports from Black Sea ports that had been under a Russian naval blockade since Moscow invaded Ukraine and for Russia to resume exports of its own grain and fertilizer.

UN officials are due in Moscow on October 16 to discuss the renewal of the agreement.

Russia has complained about the implementation of the deal, claiming that the grain is failing to reach poorer countries as intended and saying it still faces difficulty selling fertilizer and food.

"If we see nothing is happening on the Russian side of the deal -- export of Russian grains and fertilizers -- then excuse us, we will have to look at it in a different way," Gatilov told Reuters.

Asked if Russia might withhold support for the deal's renewal, he said: "There is a possibility.... We are not against deliveries of grains, but this deal should be equal. It should be fair and fairly implemented by all sides."

Russian President Vladimir Putin last month hinted at backtracking on the deal. During a call with French President Emmanuel Macron, he complained that Western sanctions were hindering supplies of Russian food and fertilizers to Africa, Latin America, and the Middle East, according to the Kremlin.

However, there is ample evidence to the contrary, and Europe and the United States did not target either Russian grain or fertilizers for sanctions.

Before the agreement was signed, Russian warships blocked exports from Ukraine, one of the world’s top suppliers of grain to foreign markets, causing a sharp spike in food prices that threatened millions of people in poor nations with starvation.

ADVERTISEMENT

Grain prices dropped after the deal was reached, easing economic pressures on poor countries.

By RFE/RL

More Top Reads from Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News