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Black Sea Grain Initiative
November 8 , 2022
751 days
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- Russia recently came out of the Black Sea Grain Deal.
- It was launched to mitigate food inflation caused by conflict in Ukraine.
- It was an agreement between Russia and Ukraine with Turkey and the United Nations.
- It sought to create a safe passage of food grains exported from Ukraine, which is currently in war with Russia.
- Under this agreement, export of grain, food and fertilizers will be allowed to resume from Ukraine via a “safe maritime humanitarian corridor” from three key Ukrainian ports i.e., Chornomorsk, Odesa, and Yuzhny/Pivdennyi.
- Black Sea Grain deal was set to expire on November 19, 2022.
- The renewal negotiations were led by the United Nations throughout October 2022.
- However, Russia pulled out of this agreement on October 29 due to drone attack on its naval ships in the port of Sevastopol.
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