Highlight of the day
As Russia pulls out of the grain deal, Ukraine weighs its options
How can Ukraine export its grain now that Russia has terminated the Black Sea grain initiative?
Russia on Monday officially announced its withdrawal from the ‘grain deal’. The Russian foreign ministry said it means "the absence of guarantees of safety of navigation and the closure of the humanitarian corridor in the northwestern part of the Black Sea".
Following Russia’s announcement, global wheat prices immediately rose by almost seven percent.
"[It] will heighten reliance on alternate trade routes via the Danube River and Ukraine’s European Union neighbours, although those paths remain expensive and some countries have pushed back against the inflow," Bloomberg reports.
Unlock to continue reading
You need to subscribe to read this article
A future without mines: How Ukraine is building a unique humanitarian demining system
Alexander Kochetkov
The nuclear threat to Ukraine may increase dramatically due to the war in the Middle East
There is a threat that a tactical nuclear strike by the United States would be needed to destroy the underground Iranian nuclear facility, which would break the nuclear deterrent system
A future without mines: How Ukraine is building a unique humanitarian demining system
Partner project
