IEDE NEWS

Agreement on Grain Export via Black Sea Extended by Four Months

Iede de VriesIede de Vries
The agreement on the export of grain via the Black Sea has been extended by 120 days. This decision was made Thursday morning in Istanbul during discussions involving the United Nations, Turkey, Russia, and Ukraine.

Turkey and the UN continue to guarantee the supervision of grain shipments from the Ukrainian ports through the Black Sea and the Bosporus to the Mediterranean.

UN chief Guterres expressed his satisfaction with the agreement to extend the grain deal for the Black Sea by four months. The agreement, originally reached in July, establishes a protected sea corridor in the conflict zone for exports from three Ukrainian ports.

Ukrainian President Zelensky sought a permanent agreement that would also apply to other ports, specifically the ports in the Mykolaiv region. A decision on this will be made in four months. ā€œSince July, Ukraine has exported more than 10 million tons of food by sea. We can increase exports by several million tons per month,ā€ he said.

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This week, a floating transshipment facility was put into operation in the Romanian port city of Constanța to directly transfer Ukrainian grain and raw materials from ship to ship.

With the commissioning of this ā€˜Danube corridor,’ it is no longer necessary to first transport the cargo from Ukraine by truck to Constanța. This reduces the transshipment period from sometimes two weeks to three days.

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This article was written and published by Iede de Vries. The translation was generated automatically from the original Dutch version.

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