Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

Russia, Ukraine to sign deal on restarting grain exports, Turkey says

Commodities Jul 21, 2022 05:43PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. FILE PHOTO: Firefighters work to put out a fire in a residential building after a Russian military strike, as Russia's attack on Ukraine continues, in Kramatorsk, in Donetsk region, Ukraine July 19, 2022. REUTERS/Gleb Garanich 2/2

By Vitalii Hnidyi and Jonathan Spicer

KHARKIV, Ukraine/ISTANBUL (Reuters) -Russia and Ukraine will sign a deal on Friday to reopen Ukraine's Black Sea ports, Turkey said, a potential breakthrough that could ease the threat of hunger facing millions around the world as a consequence of Russia's invasion.

Ukraine and Russia are both among the world's biggest exporters of food, and Ukraine's ports, including the major hub of Odesa, have been blockaded by Russia's Black Sea fleet.

The halt to grain shipments during the five-month war has caused prices to rise dramatically around the world, and reopening Ukraine's ports could potentially avert famine.

Although Russia's ports have not been shut, Moscow had complained that its shipments were hurt by Western sanctions. The United States and the European Union have both adjusted their sanctions recently to spell out more clearly exceptions for Russian food and fertiliser exports.

Turkey, a NATO member with good relations with both warring countries, controls the straits leading into the Black Sea and has acted as a mediator on the issue. U.N. Secretary-General Antonio Guterres, who would potentially sign any agreement, was headed there.

Ankara said the parties would put in writing an accord they had agreed in principle at talks last week in Istanbul.

Full details of the agreement were not immediately released. It was due to be signed on Friday at the Dolmabahce Palace offices at 1330 GMT, President Tayyip Erdogan's office said.

There was no immediate confirmation from Moscow.

The Kyiv government did not confirm a deal was set. The foreign ministry said late on Thursday that another U.N.-led round of talks to unblock Ukrainian grain exports would take place in Turkey on Friday.

"In summary, a document may be signed which will bind the sides to (ensure) safe functioning of export routes in the Black Sea," foreign ministry spokesperson Oleg Nikolenko said.

The U.S. State Department said it welcomed the announcement and would hold Russia to account for implementing the agreement.

MINED PORT WATERS

Before last week's talks, diplomats had said details of the plan included Ukrainian vessels guiding grain ships through mined port waters. Turkey would oversee the inspection of ships to allay Russian concerns they might bring weapons to Ukraine.

The United Nations and Turkey have been working for two months to broker what Guterres called a "package" deal - to resume Ukraine's Black Sea grain exports and facilitate Russian grain and fertilizer shipments.

Ukraine could potentially restart exports quickly, Ukraine's Deputy Agriculture Minister Taras Vysotskiy said on Thursday.

"The majority of the infrastructure of ports of wider Odesa - there are three of them - remains, so it is a question of several weeks in the event there are proper security guarantees," he told Ukrainian television.

PIPELINE REOPENED

The Ukraine war has caused inflation around the world both because of the global grain shortage and threats to energy supplies.

Russia on Thursday reopened its biggest gas pipeline to Germany at less than half normal capacity after a maintenance shutdown, raising worries of European energy shortages to come.

The resumption of gas flows via the Nord Stream 1 pipeline to Germany ended a nerve-jangling 10 days for Europe in which politicians expressed concern Russia might keep it shut altogether after closing it for repairs.

But with the flows still reduced, Germany's Economy Minister Robert Habeck accused Russia of blackmailing Europe over energy. The Kremlin denied that and blamed Europe for causing disruption with sanctions that complicated the pipeline's maintenance.

"(President Vladimir) Putin's goal is to unsettle, drive up prices, divide society and to weaken support for Ukraine," Habeck said. "We don't bow to it but counteract this with concentrated and consistent action. We take precautions so that we can get through the winter."

BLOOD AND FIRE

Inside Ukraine, Kyiv has accused the Russians of stepping up strikes on cities in recent weeks in a deliberate attempt to terrorise its population. Moscow denies deliberately attacking civilians and says all its targets are military.

In Kharkiv, Ukraine's second-biggest city, shells struck a crowded market. A woman sobbed over the body of her husband lying near a stall while a couple tried to comfort her. Other residents stood around the bloodstained marketplace looking stunned.

"We saw people drenched in blood. We saw people on fire," local entrepreneur Khaibar Karimi said. "We helped with bringing the wounded to the subway. The smoke was very thick. There were many wounded on the street."

The regional prosecutor’s office said three people were killed and 23 wounded in shelling of two districts. The chief of Kharkiv national police, Volodymyr Tymoshko, said there were no military targets nearby.

The main frontlines have been largely frozen since Russian forces seized the last two Ukrainian-held cities in eastern Luhansk province in battles in late June and early July.

But Russia is shelling neighbouring Donetsk province in what Ukraine says is preparation for a potential new advance there. Russia aims to fully capture all of Donetsk and Luhansk on behalf of its separatist proxies.

Russia, Ukraine to sign deal on restarting grain exports, Turkey says
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (6)
Peter Andersen
Peter Andersen Jul 21, 2022 1:31PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The Russian people have to stand op an tell want they want come on speak instead living in fear all the wallIs gone come on waking zombies
Peter Andersen
Peter Andersen Jul 21, 2022 1:31PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Sovjet is gone Russia want freedom
Ken Roth
Ken Roth Jul 21, 2022 11:32AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yes putin is doing are great job in ki..llin.g the russian economy and sacrificing russian men in a hopeless quest to conquer ukraine and rebuild ussr. Move on dear russians USSR i dead and gone thankfully all we want in the west is peace and respect for eachothers countries and their way of life, but If you invade another country you will pay the harderst price…..your life and money
First Last
First Last Jul 21, 2022 11:32AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Putin is old and know Death is not far off, and values making a name for himself over the good of the Russian and world's people.
Peter Andersen
Peter Andersen Jul 21, 2022 11:32AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yes that right come Russia we believe in the people only one man is ***you
Brad Albright
Brad Albright Jul 21, 2022 11:32AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Russian people are alright. Their leader made an irrational decision.
Oleksii Trugov
Oleksii Trugov Jul 21, 2022 11:32AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Brad Albright  most russians support the invasion and ***of Ukrainians - at least 70%
Brad Albright
Brad Albright Jul 21, 2022 11:32AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Oleksii Trugov So, I've read. They need more information.
Roger Pruzansky
Roger Pruzansky Jul 21, 2022 3:44AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
all the sanctions imposed are really hurting are the innocent Russian population that want this war no more then anyone.
Vincenzo Tilotta
Vincenzo Tilotta Jul 21, 2022 3:44AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Putin is there because of them, the russian population are doing nearly nothing to prevent the bloodshed of ukrainian innocents
First Last
First Last Jul 21, 2022 3:44AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The Russian people had democracy after the fall of the Soviet Union.  Then they went & screwed it up.
Peter Andersen
Peter Andersen Jul 21, 2022 3:44AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Vincenzo Tilotta yes russia. People are weak no *****
Brad Albright
Brad Albright Jul 21, 2022 3:44AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
On the other hand, unlike Ukrainians, they still have their homes, their safety... and, but for 50,000 Russian soldiers, their lives.
Phil Steinberg
Phil Steinberg Jul 21, 2022 2:49AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It's pathetic to hear critics that Rissia is blackmailing the west with energy, when the west is blocking ever every business,, destroying russian economy, cutting Russia from all banking systems, stilling their gold reserves...  Hey West, be coherent.
Brad Albright
Brad Albright Jul 21, 2022 2:49AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
That's true. But the west is coherent on the issue where it matters: on values.
Oleksii Trugov
Oleksii Trugov Jul 21, 2022 2:49AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Oh yes, we should just embrace the terrorist state shelling civilians and give them everthing to support their cause of slaughtering Ukrainians. Great strategy, genius.
MK MK
MK MK Jul 21, 2022 12:48AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Weak leaders of the West are scared to stop Russian Nazis
Vincenzo Tilotta
Vincenzo Tilotta Jul 21, 2022 12:48AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The West leaders are doing a strong job, u are blind. The west is already applying major sanctions, cutting russia from swift and doing massive things to help ukraine. What nation are u from? All other nations (e.g. India or China are actually doing zero to help the poor ukrainian population, shame on them and shame on you)
First Last
First Last Jul 21, 2022 12:48AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Vincenzo Tilotta   West's leaders are held to a much higher standard than other leaders.
Brad Albright
Brad Albright Jul 21, 2022 12:48AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
If only there was some repository of the world's knowledge to which we could turn for answers to any conceivable question at our finger tips. Oh, well... maybe someday.
Ken Roth
Ken Roth Jul 21, 2022 12:08AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Time to *******up the bridge from russia to crimea
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email