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Last May, a new extension was signed for the Black Sea corridor agreement, lasting two months, so that the established period ends on July 17.
The full implementation of the agreements signed in Istanbul in July 2022 is critical to ensuring that these products can reach global markets smoothly, efficiently and at scale. Together, the agreements have been contributing to sustained reductions in global food prices, which are now more than 23 per cent below the record highs reached in March last year. The Secretary-General is grateful for the continued engagement of Türkiye with the same objective.
As part of his ongoing efforts in this regard, the Secretary-General sent a letter to the President of the Russian Federation, Vladimir Putin, outlining a proposal aiming to harmonize the vital further implementation of the Memorandum of Understanding with the vital need to keep the Black Sea Initiative operational.
The objective is to remove hurdles affecting financial transactions through the Russian Agricultural Bank, a major concern expressed by the Russian Federation, and simultaneously allow for the continued flow of Ukrainian grain through the Black Sea.
July 12, 2023 /ONU.
https://www.un.org/
