24hoursworld

Wheat soared more than 6% due to Russia’s withdrawal from an agreement that allowed exports in the Black Sea closed

Wheat soared more than 6% due to Russia’s withdrawal from an agreement that allowed exports in the Black Sea closed

Moscow suspended its participation in the Black Sea agreement on Saturday. in response to what he called a major Ukrainian drone attack on his fleet in Russian-annexed Crimea.

Hundreds of thousands of tonnes of wheat booked for delivery to Africa and the Middle East are at risk following Russia’s withdrawal, and Ukrainian corn exports to Europe are also expected to be affected, two other Singapore-based traders said.

The United Nations, Turkey and Ukraine said they are going ahead with the grain export deal, with a transit plan for 16 ships on Monday.

“Considering the terrorist action of the kyiv regime with the participation of British experts against the Black Sea fleet and against civilian ships providing security to grain corridors, Russia suspends its participation in the implementation of the agreement on exports of agricultural products from ports Ukrainians,” Moscow said in a statement.

Hours before, the Russian army had accused Ukraine and the United Kingdomor of a “terrorist” drone attack against his Black Sea fleet in the port of Sevastopol, in Crimea – a Ukrainian peninsula that the Kremlin annexed in 2014 – and said that one of his ships had “minor” damage, while all the artifacts were knocked down.

According to Russian authorities, the attack in Crimea, Russia’s rear logistics base for the offensive in Ukraine, involved “nine unmanned aerial vehicles and seven autonomous maritime drones.”

Moscow said the vessels targeted in the attack were involved in a deal negotiated last July with UN and Turkey mediation. to allow the export of Ukrainian grains, which is about to expire if the parties do not agree on an extension.

According to the analysis carried out by the technicians of the Granar brokerage, “In practice, this implies the chance of a total paralysis of shipments, since Russia will withdraw the inspectors who audit the entry and exit of ships in the safe corridor and that space of sea will now remain within the theater of war operations”.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts