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Ukraine, Russia reach deal to unblock grain exports stranded by war

Bloomberg7/22/2022 10:46 PM GMT+08  • 2 min read
Ukraine, Russia reach deal to unblock grain exports stranded by war
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Russia and Ukraine reached agreement toward releasing millions of tons of grain from Ukraine’s Black Sea ports that -- if implemented -- would mark a major step toward shoring up global food supplies.

Government officials from Kyiv and Moscow signed parallel agreements with Turkey and the United Nations at a meeting in Istanbul. Grain ship traffic should begin in the coming days, said Turkish President Recep Tayyip Erdogan. The accord involves shipments from three Ukrainian ports -- Odesa, Chornomorsk and Pivdennyi, said United Nations Secretary-General Antonio Guterres.

“This is an unprecedented agreement between two parties engaged in bloody conflict,” Guterres said at the ceremony.

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