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Browsing: Black Sea Grain Initiative
- In an escalation of geopolitical tension, Russia has pulled a power move, ending the Black Sea Gran Initiative. To what extent does this decision threaten food security in Africa?
- Collapse of the deal will drive inflationary pressure on grain prices, especially in countries heavily reliant on imports, experts warn.
- Currently, Africa is facing biting food shortage as inflation fueled by high food and fuel prices grips economies.
The Black Sea Grain Initiative, a deal that allowed the export of Ukrainian agricultural produce especially grains through the Black Sea, has collapsed following the withdrawal of Moscow from the agreement. For those unaware, the Black Sea Gran Initiative, was negotiated by Turkey and the United Nations in July 2022.
The deal, up to Monday July 24th, was allowing ships to carry fertilizer and agricultural products from three Ukrainian ports. It let ships to sail through strictly mapped routes, to avoid mines and …
