The United Nations has announced a forthcoming high-level meeting in Istanbul next week to discuss the so-called product agreement. This development was disclosed by Farhan Haq, the Deputy Spokesperson for the UN Secretary-General, who noted that the event will be preceded by a technical gathering organized by the Turkish government. The aim is to move the process forward through open, constructive discussions among involved parties and to ensure the full implementation of the initiative over time, with transparency and accountability guiding every step of the dialogue.
In preparation for these discussions, UN representatives are expected to join the Turkish-hosted technical session. The commitment is to engage in candid talks that address outstanding challenges, clarify expectations, and establish clear milestones for monitoring progress. The overarching purpose is to sustain momentum and build confidence among partners while safeguarding the integrity of the agreement’s objectives.
Meanwhile, international commentary continues to center on the status of the grain agreement and related negotiations. The Russian Foreign Ministry spokesperson noted that a high-level meeting involving the parties to the grain agreement is under discussion, signaling a potential diplomatic moment. This comes as other voices emphasize the need for timely decisions that would extend the agreement beyond its current deadline.
Before formal decisions are reached, Russian officials have indicated that discussions to extend the grain agreement, which is due to expire on May 18, have not yet produced a resolution. Observers highlight the importance of moving toward an outcome that preserves supply security and stabilizes regional markets, especially given the humanitarian and economic implications for multiple countries dependent on grains and related commodities.
Turkish authorities have pointed to specific issues surrounding the extension. In particular, there are concerns linked to Russia’s banking and payment guarantees, including the status of Rosselkhozbank’s relationship with the SWIFT system and the assurances required from financial institutions to cover grain payments. These financial factors are seen as critical in ensuring uninterrupted shipments and reliable settlements for all participants. The conversations continue with a focus on practical steps that can satisfy all sides while maintaining the broader goals of the agreement for global food security.