Creative World India Logo

Ukraine Recap: Grain Deal Renewal Is Coming Down to the Wire

User Image

Views (67)

Post Image
(Bloomberg) -- The Black Sea safe-transit deal that’s allowed Ukraine to export millions of tons of grain in the past year expires on Monday, and a potential decision by Russia to renew it is coming down to the wire. Turkish President Recep Tayyip Erdogan told reporters he hopes a letter sent to Vladimir Putin by UN Secretary General Antonio Guterres this week will help to secure an extension of pact. So far Russia has made no statement on extending the deal, Putin says he’s still deliberating,

(Bloomberg) -- The Black Sea safe-transit deal that’s allowed Ukraine to export millions of tons of grain in the past year expires on Monday, and a potential decision by Russia to renew it is coming down to the wire. Turkish President Recep Tayyip Erdogan told reporters he hopes a letter sent to Vladimir Putin by UN Secretary General Antonio Guterres this week will help to secure an extension of pact. So far Russia has made no statement on extending the deal, Putin says he’s still deliberating, and Moscow has frequently derided the pact as unfair to its interests.

Most Read from Bloomberg

Putin told a Russian newspaper that he offered Wagner mercenary forces the option of continuing to serve as a single unit under the same commander when he met with them after last month’s failed mutiny, the Associated Press reported. “All of them could have gathered in one place and continued to serve,” Putin told Kommersant. “And nothing would have changed for them. A group of Wagner mercenaries was shown in a Belarusian defense ministry video on Friday, training territorial troops in the Russian ally, about 100 kilometers (62 miles) southeast of the capital Minsk.

Germany’s finance minister said further financing of support for Ukraine should be distinct from the EU’s long-term budget, and that the bloc will continue to find ways to help Kyiv. In the US, the House of Representatives defeated an effort by far-right Republicans to cut off security assistance to Ukraine, cementing — for now — a wall of bipartisan support for Kyiv. Yet a senior US intelligence official said the conflict has reached a stalemate in its 17th month, a downbeat assessment that could strain allies’ patience.

Latest Coverage

Pentagon Says Cluster Munitions Have Arrived in Ukraine: AP

BRICS Leaders to Discuss Russian War in Ukraine at August Summit

Lindner Says Further Ukraine Aid Must Be Outside EU Budget

Russian Wagner Mercenaries Emerge in Belarus as Troop Trainers

Ukraine Bonds Set for Weekly Gain; BofA Stays Overweight

Coming Up

Russia’s Sergei Lavrov at ASEAN meeting in Indonesia

Black Sea grain export deal set to expire Monday

Markets

Oil Heads for Third Weekly Gain

Oil headed for a third weekly gain as supply disruptions in Africa and a reduction in shipments from Russia tightened the market. Russian flows are finally starting to decline, four months after the country was due to slash output.

Most Read from Bloomberg Businessweek

©2023 Bloomberg L.P.


0 Likes

Comments (0)

Please Login to Comment