Join our crew and become one of the 107,311 members that receive our newsletter.

A view shows a grain terminal in the sea port in Odesa after restarting grain exports, as Russia's attack on Ukraine continues, Ukraine August 19, 2022.

A view shows a grain terminal in the sea port in Odesa after restarting grain exports, as Russia's attack on Ukraine continues, Ukraine August 19, 2022. REUTERS/Valentyn Ogirenko/File Photo

Turkish Defence Minister Believes Black Sea Grain Initiative Will Be Extended

Reuters
Total Views: 608
March 12, 2023
Reuters

ANKARA, March 12 (Reuters) – Turkish Defence Minister Hulusi Akar said on Sunday that he believes that a deal allowing Ukrainian grain to be exported via the Black Sea will be extended from its current March 18 deadline.

The Black Sea Grain Initiative, brokered between Russia and Ukraine by the United Nations and Turkey last July, aimed to prevent a global food crisis by allowing Ukrainian grain blockaded by Russia’s invasion to be safely exported from three Ukrainian ports.

The deal was extended for 120 days in November and will renew on March 18 if no party objects. However, Moscow has already signaled it will only agree to an extension if restrictions affecting its own exports are lifted.

Turkey has said previously that it is working hard to extend the deal. “In separate talks with the Russian and Ukrainian sides, we saw that both sides are approaching this positively. We believe it will conclude positively,” Akar said in an interview with state-owned Anadolu Agency.

“We have the opinion that the duration will be extended on March 18,” he added.

Russia’s agricultural exports have not been explicitly targeted by the West, but Moscow says sanctions on its payments, logistics and insurance industries are a barrier to it being able to export its own grains and fertilizers.

Russia has complained that Ukrainian grain exported under the deal is going to wealthy countries.

Ukraine and Russia are both major global suppliers of grains and fertilizers.

(Reporting by Ali Kucukgocmen; Editing by Sharon Singleton)

(c) Copyright Thomson Reuters 2023.

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up
close

JOIN OUR CREW

Maritime and offshore news trusted by our 107,311 members delivered daily straight to your inbox.

gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.