The press secretary of the President of Russia Dmitry Peskov confirmed that the grain deal was actually suspended, as Russia is still waiting for its conditions to be fulfilled. The agreement on the export of grain from the Black Sea ports was signed on July 22, 2022 between Ukraine, Russia, Turkey and the UN. This grain deal expires today, July 17. The second part of the agreement is a memorandum between Russia and the UN on lifting restrictions on the export of Russian agricultural products. When asked whether the undermining of the Crimean Bridge section could affect Russia's position on the extension of the grain deal, Peskov replied: «These are unrelated things. Before the attack, the position was stated by Putin. If they fulfill our conditions, we will return to implementation.» On the news of Russia's withdrawal from the Black Sea Initiative, wheat futures rose by 4.24% on the Chicago Mercantile Exchange.
QUICK LINKS
ForexMart is authorized and regulated in various jurisdictions.
(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines
Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.
Contact Us 
