UN trade agency calls for renewal of Black Sea grain initiative
The first UN-chartered vessel loads grain for export to Ethiopia, in Yuzhne, east of Odessa on the Black Sea coast on August 14, 2022. UNCTAD is endorsing calls to renew the Black Sea Grain Initiative, a provisional agreement involving Russia, Ukraine and Turkey to keep the flow of grain exports. PHOTO | OLEKSANDR GIMANOV | AFP
A United Nations trade agency is endorsing calls to renew the Black Sea Grain Initiative, a provisional agreement involving Russia, Ukraine and Turkey to keep the flow of grain exports even as Moscow and Kyiv continue to fight.
The United Nations Conference on Trade and Development (UNCTAD) says the Initiative, which began in July, to have Ukrainian grain exported via the Black Sea, has offered hope and shown the power of trade in times of crisis.
