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22 Jul, 2022 19:43

‘Beacon of hope’: A look inside the Russia-Ukraine grain deal

An agreement on shipments from Black Sea ports has been signed by Moscow and Kiev in Turkey
‘Beacon of hope’: A look inside the Russia-Ukraine grain deal

Russian and Ukrainian officials on Friday individually signed a UN and Turkey-brokered deal for the resumption of grain shipments from Black Sea ports to world markets. The agreement, which has been described in a tweet by UN Secretary-General Antonio Guterres as “a beacon of hope, possibility & relief,” consists of two documents.

The memorandum, which is valid for three years, addresses the issue of sanctions on Russian agricultural products and fertilizers. The second document, which is valid for 120 days with the possibility of extension, defines the mechanism for the export of Ukrainian agricultural products from ports controlled by Ukraine.

According to Guterres, the deal “will help avoid a food shortage catastrophe for millions worldwide.” Here, we take a look at some key provisions in the much-anticipated agreement.

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