oct 29, 2022 - Russia Withdraw from Brokered Deal, Soaring Food Prices Globally

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The Black Sea grain initiative was negotiated in July 2022 between Turkey, the UN and Russia as a way of ensuring that Ukraine, one of the breadbaskets of the world, could ensure that its grain could leave its southern ports via the Bosphorus. The grain could not be exported in the quantities required using the alternative methods of road or rail through Poland or by canal and river through Romania.

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