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Ukraine Grain-Export Deal Extended for Another 120 Days

  • Ukrainian minister says agreement reached in Istanbul
  • Russia, Turkey and the UN also confirm the deal’s renewal
The original pact revived seaborne exports from Ukraine.

The original pact revived seaborne exports from Ukraine.

Photographer: Nicole Tung/Bloomberg

Updated on

A United Nations-brokered deal allowing exports of Ukrainian grain from the Black Sea will be extended, all sides confirmed Thursday, easing pressure on global food prices.

Ukraine’s Infrastructure Minister Oleksandr Kubrakov said on Facebook that a decision to renew the accord for 120 days was reached in Istanbul, where talks have been held. Russia later confirmed the deal will be prolonged without any changes, Tass reported. Turkey echoed the plans, and the UN welcomed “the agreement by all parties.”