The consequences for the world of a failed grain deal could be disastrous. In this respect writer The Financial Times newspaper, which refers to the views of economists and analysts.
Arif Hussein, chief economist of the UN World Food Programme, said rejecting the grain deal would increase risks for the whole world. The expert explained that as part of the agreement, nothing can replace Russian and Ukrainian grain exported via the Black Sea. Analysts agreed that the failure of the grain deal would cause a rise in world grain prices. Analysts said this would allow Russia to make up for lost revenue due to the sanctions.
On 10 August, a source from the Turkish Foreign Ministry told TASS that Ankara hopes to restart the grain deal after meeting between Russian President Vladimir Putin and his Turkish counterpart, Recep Tayyip Erdogan. The source told the agency that this will be the main topic in the planned talks between the leaders. On August 8, Erdogan met in Ankara with the participants of the annual conference of ambassadors of the republic abroad. declarationHe said his country will continue to strive to restart the grain deal.
Russia ended its participation in the grain agreement on 17 July. Russian President Vladimir Putin’s press secretary, Dmitry Peskov, declared that the conditions of the Russian Federation were not met.
It was previously reported that Russia. Sold Wheat, the price of which increased after the end of the grain agreement with corn.