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Russia halts participation in Black Sea Grain deal

PREMIUM TIMES NEWS

Russia on Monday said it will not continue participating in the United Nations and Turkey-brokered Black Sea grain deal.

“In fact, the Black Sea agreements ceased to be valid today,” Aljazeera quoted Kremlin spokesman Dmitry Peskov as telling reporters.

The deal, since its signing in July 2022, has reportedly helped lower food prices by more than 20 per cent globally and has alleviated a global food crisis.

Russia’s refusal to continue with the deal comes as it expires on Monday amid several extensions. Prior to this, Russia had been saying for months that conditions for its extension had not been fulfilled.

“Unfortunately, the part of these Black Sea agreements concerning Russia has not been implemented so far, so its effect is terminated,” Mr Peskov added.

Read the full story here: https://www.premiumtimesng.com/news/top-news/610341-russia-halts-participation-in-black-sea-grain-deal.html

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