![]() ![]() ![]() The list of demands also includes allowing Russian vessels shipping insurance and access to ports allowing the import of agricultural machinery and spare parts into Russia and opening the Togliatti-Odesa ammonia pipeline, which Russia uses to export 2.5 million tonnes of ammonia annually. Russia said that the West has failed to fulfill its promises made as part of the Black Sea Grain Initiative, namely, reinstating the SWIFT banking facility so Russian grain and fertilizer traders can get paid, said Mike Lee, director of Green Square Agro Consulting, specializing in Black Sea grain market intelligence. It is hard to say to what extent the Russian complaints about the Black Sea grain deal were justified. “From the first days, the grain initiative was simply a way for Russia to manipulate the world powers.” “By closing exports from Ukraine, Russia provokes a threat of world hunger and establishes a situation when many countries see the dependence on its supplies tightening,” Dykun said, expressing an opinion that the gradual replacement of Ukrainian grain with Russian grain over the past year perfectly fits that logic. There are signs that the new blockade of the Ukrainian grain exports by sea will lead to similar consequences, said Dykun. Last year, a lack of Ukrainian grain on the global market triggered a 20% jump in global grain prices, endangering consumers in Asia and Africa and fueling food inflation across the globe. Vessels spent significant time waiting for inspections in the Port of Istanbul, forcing charterers to terminate the contracts and buyers to refuse to accept the cargo, he added. Even when the grain deal was operational, Russia has been putting much effort into pushing Ukraine from its key grain export markets, Andriy Dykun, head of the Ukrainian Agri Council, explained. ![]()
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