Markets & trade Turkey urges revival of Black Sea Grain Deal 1 September, 2023 SHARE THIS ARTICLE Share Tweet Post Email MOST READ Markets & trade Adani acquires export terminal Indian port operator expands international April 21, 2025 Markets & trade Chipolbrok faces U.S. scrutiny New FMC designation targets global shipping April 22, 2025 Turkey urges revival of Black Sea Grain Deal Critical talks in Moscow for food security {reg}Turkey's Foreign Minister, Hakan Fidan, stressed the vital importance of resurrecting the Black Sea grain deal during his Moscow visit. He discussed the deal's critical role in global food security with Russian Foreign Minister Sergei Lavrov. Fidan's visit aimed to prepare for an upcoming summit between Presidents Erdogan and Putin in Sochi next week. Russia had withdrawn from the UN-backed grain agreement, brokered with Turkey's involvement. Both Ukraine and Russia plan to resume grain shipments outside the agreement's framework. Turkey calls for a return to the deal as a foundation for broader peace discussions, hoping it will restore stability. Moscow's concerns include indirect restrictions on its grain and fertilizer exports and limitations on accessing global payment systems and insurance. Lavrov reiterated Russia's stance that they would consider returning to the deal if their demands were met. Turkey seeks to initiate a process addressing Russia's concerns. The previous agreement allowed Ukraine to export over 30 million tons of grain and food products, significantly reducing global food prices and alleviating food shortages in regions like Africa and the Middle East following Russia's military operations in Ukraine. Reviving the Black Sea grain deal holds crucial implications for regional and global food security.[/reg] Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline