War-torn Ukraine could launch its first grain-exporting ships as soon as this week after Turkey brokered a deal in hopes to alleviate both grain shortages and spiking prices.
War-torn Ukraine could launch its first grain-exporting ships as soon as this week, Turkish officials said Sunday.
“If all are completed by tomorrow, it seems like there is a high possibility that the first ship will leave the port tomorrow,” said government spokesperson Ibrahim Kalin. “We will see ships leaving the ports the next day at the latest.” The United Nations brokered deal in Istanbul in hopes to alleviate both grain shortages and spiking prices.
Both Ukraine and Russia are major wheat suppliers, with exports plunging in the wake of Moscow’s invasion of its neighbor.It would also allow Ukraine to free up 22 million tons of grain and other agricultural goods that have been sitting in ports since hostilities erupted in February.22 million tons of grain and other agricultural goods have been sitting in Ukrainian ports since Russia’s attack on Ukraine began in February.
The Turkish-brokered deal has led to an easing of grain prices, but ongoing instability in Ukraine and recession fears continue to fuel concerns.
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