Ukraine Grain Export Deal Extended for Another Two Months
- Short extension period creates uncertainty for traders
- Dysfunction in talks has blunted agreement’s effectiveness
Piles of grain on board a vessel anchored in the Marmara sea in Istanbul, Turkey.
Photographer: Chris McGrath/Getty ImagesThis article is for subscribers only.
A deal allowing Ukraine to export crops from key ports via the Black Sea will be extended by two months, a relatively short time frame that leaves open the question of what happens beyond that period.
The agreement keeps open a major trade route amid Russia’s war in Ukraine and bolsters global food supplies. Moscow had threatened to withdraw from the deal if obstacles to shipments of its own crops and fertilizer weren’t removed.