Turkey’s defense ministry says the first ship carrying Ukrainian grain has left the port of Odesa.
"Unlocking ports will provide at least $1 billion in foreign exchange revenue to the economy and an opportunity for the agricultural sector to plan for next year,” Kubrakov said.
The Turkish ministry statement said other ships would also depart Ukraine’s ports through the safe corridors in line with deals signed in Istanbul on July 22, but did not provide further details. Countries that relied on Ukraine for crops like wheat and beets are seeing shortages after months of war. Egypt and other nations on the African continent are going to see food costs "skyrocket" as a result. Donor nations should step up to provide relief, says Lester Munson, principal international and trade consultant at BGR Group.
Russia and Ukraine signed separate agreements with Turkey and the U.N. clearing the way for Ukraine — one of the world’s key breadbaskets — to export 22 million tons of grain and other agricultural goods that have been stuck in Black Sea ports because of Russia’s invasion.
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