Russia & Ukraine sign agreement restarting grain exports via Black Sea

Russia and Ukraine making efforts to revive trade transactions on commodities after a prolonged war and conflict period. Check Updates below.

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Russia an Ukraine in the midst of a war have signed a agreement today, July 22, 2022 on the account of gran shipments in Turkey and the United Nations. The shipments are supposed to be routed via the Black Sea and are set to reach the international markets.

This step was greeted with open heart as it was the first time in months that both the countries Russia & Ukraine have agreed and taken a step towards food security. The meeting was attended by Turkish President. Minister Oleksandr Kubrakov had signed two deals, one with UN Secretary General Antonio Guterres. Whereas, the other one was with the Turkish Defence Minister.

In his speech UN Secretary General had mentioned about the development of peace. Specifically, in the region after prolonged war and conflict. He also talked about the significant increase in the volumes of food in terms of grains import and export. He also went on to mention that such initiatives will help bring the world inflation. As well as excessive high food prices down.