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Why allowing Ukraine to ship grain during Russia's war matters to the world

Why allowing Ukraine to ship grain during Russia's war matters to the world

13 Sept 10:34 Key points summarised by AI
  • The Black Sea Grain Initiative, brokered by the UN and Turkey, is crucial for global food security, enabling Ukraine and Russia to export vital food and fertilizer amidst the ongoing conflict.
  • Since August 2022, the deal has facilitated the export of 32.8 million metric tons of food from Ukraine, significantly lowering global food commodity prices and delivering humanitarian aid to famine-threatened nations.
  • Russia threatens not to renew the agreement, which expires Monday, demanding an end to perceived hurdles for its own agricultural shipments, despite its production and exports being up since before the war.
  • A failure to extend the deal risks a new spike in global food prices, exacerbating hunger for millions in 79 food-insecure countries, and severely impacts Ukraine's agriculture-dependent economy.
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