Grains deal extended for another 120 days | ukraine news

The Black Sea Grain Initiative has been extended for another 120 days.

This was announced by Ukrainian Deputy Prime Minister for Restoration – Minister of Communities, Territories and Infrastructure Development Oleksandr Kubrakov on Facebook, reports Ukrinform.

“The Grains Initiative agreement has been extended for another 120 days,” he wrote.

Kubrakov thanked UN Secretary General Antonio Guterres and Turkish President Recep Tayyip Erdogan, as well as all partner countries, for their joint efforts to extend the validity of the document for another four months.

Read also: Ukraine exports more than 34.7 million tons of grain in AM 2022/2023

“This means that Ukraine continues to export its agricultural products through three deep-water ports. In particular, from August 1 to today, we have sent 25 million tons for the needs of the world,” said the minister.

At the same time, according to him, the main challenge is to speed up inspections in Turkey. This will allow the world to get even more Ukrainian agricultural products.

“We also continue to work on the involvement of the Mykolaiv region in the “grain initiative” and on expanding the range of goods. Ukraine was and remains firmly rooted in the global economy and markets. The ability to export more will eliminate inflationary risks and, as a result, social tensions in many countries around the world,” Kubrakov added.

As reported, in Istanbul on November 17, 2022, Ukraine, the United Nations and Turkey agreed to extend the initiative for the safe transport of agricultural products through the Black Sea for another 120 days. The initiative was launched on July 22, 2022, and the first ship carrying Ukrainian foodstuffs left the port of Odessa on August 1.

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