Russia Pulls Out Of Black Sea Grain Deal

Russia has formally withdrawn from a UN-brokered deal to export Ukrainian grain across the Black Sea, potentially imperilling tens of millions of tonnes of food exports around the world.
President Vladimir Putin’s spokesman, Dmitry Peskov, told reporters on Monday that the agreement had “essentially stopped” and Russia would no longer co-operate with the deal.
Russia has complained since the UN and Turkey first brokered the deal a year ago that western sanctions were holding up a parallel agreement to allow payments, insurance and shipping for Moscow’s own agricultural exports.

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