Ukraine, geo-economy: Black Sea "grain corridor" dead in the water, Jul 2022
Black Sea “grain corridor” agreement looks shaky after Russia bombs Odesa port Towards the end of July, a deal to resume Ukrainian grain exports through the Black Sea, following a five-month naval blockade by Russia, was brokered with Ukraine and Russia by Turkey, backed by the UN. According to the deal, Ukrainian vessels are to guide cargo ships of its grain through the protective mines laid around Ukrainian ports; Russia is to refrain from attacking ports and ships storing and carrying grain; and Turkey will check cargo ships to allay Russia’s concerns that they might be carrying weapons. To oversee the process, two co-ordination centres are to be established, attended by representatives of all four parties to the deal. Ukraine, like Russia, is a major grain supplier, with some countries in Africa and the Middle East highly reliant on imports of Ukrainian wheat in particular, according to the UN. Normally, up to four-fifths of Ukraine’s grain exports reach global markets through its ...