Grain deal extended for another 120 days - Kubrakov

Grain deal extended for another 120 days - Kubrakov

The Black Sea Grain Initiative has been extended for another 120 days.

This was announced by Ukrainian Deputy Prime Minister for Restoration – Minister for Communities, Territories and Infrastructure Development Oleksandr Kubrakov on Facebook, Ukrinform reports.

"The grain initiative agreement has been extended for another 120 days," he wrote.

Kubrakov thanked UN Secretary General Antonio Guterres and Turkish President Recep Tayyip Erdogan, as well as all partner countries, for their joint efforts to extend the validity of the document for another four months.

Read also: Ukraine exports over 34.7M tonnes of grain in 2022/2023 MY

"This means that Ukraine continues to export its agricultural products through three deep sea ports. In particular, from August 1 until today, we sent 25 million tonnes for the needs of the world," the minister said.

At the same time, according to him, the main challenge is to speed up inspections in Turkey. This will allow the world to get even more Ukrainian agricultural products.

“We are also continuing work on involving Mykolaiv region in the ‘grain initiative’ and expanding the range of cargo. Ukraine was and remains firmly embedded in the world economy and markets. The ability to export more will allow removing inflationary risks, and as a result, social tension in many countries of the world," Kubrakov added.

As reported, in Istanbul on November 17, 2022, Ukraine, the United Nations, and Turkey agreed to extend the initiative for the safe transportation of agricultural products across the Black Sea for another 120 days. The initiative was launched on July 22, 2022, and the first ship carrying Ukrainian foodstuffs left the port of Odesa on August 1.

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