CAIRO—Russia’s Foreign Minister Sergei Lavrov offered reassurances over Russian grain supplies to Egypt during a visit to Cairo on Sunday, amid uncertainty over a deal to resume Ukrainian exports from the Black Sea. Egypt is one of the world’s top wheat importers and last year bought about 80 percent of those imports from Russia and…
Lavrov Offers Reassurance Over Russian Grain Supplies in Cairo Visit
July 25, 2022
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AfricaBusiness & Marketseconomic policieseconomyEgyptEuropeGold and CommoditiesgrainMarketsMiddle EastRussiaRussia-Ukraine WarSergei LavrovsuppliesUkraineWorld
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Ukraine Says Russian Missiles Hit Odesa Port; Landmark Grain Deal at Risk
July 23, 2022
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Business & MarketscrisisEuropeGold and CommoditiesgrainMarketsOdesaRussiaRussia-Ukraine WarUkraineWorld
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KYIV—Russian missiles hit the major port of Odesa in southern Ukraine on Saturday, the Ukrainian military said, dealing a blow to a deal signed on Friday to unblock grain exports from Black Sea ports. The landmark deal signed by Moscow and Kyiv on Friday is seen as crucial to curbing soaring global food prices, easing…
Ukraine, Russia Sign UN-backed Deal to Resume Grain Exports
Russia and Ukraine signed a deal on Friday to allow the export of millions of tons of grain amid the war between the two countries, said U.N. Secretary-General Antonio Guterres. The deal was signed in Istanbul, Turkey, to allow Ukrainian grain exports through the Black Sea. It comes after months of negotiations between the two sides,…
Russia, Ukraine Reach Deal on Grain Exports, Turkey Says
Officials from Russia, Ukraine, Turkey, and the United Nations (U.N.) have agreed to a deal to resume exports of Ukrainian grain through the Black Sea from July 22, according to officials from Turkey and the U.N. A July 21 statement from Turkish President Recep Tayyip Erdogan’s office said that a general agreement had been reached during…
Russia, Ukraine Reach Deal on Grain Exports, Turkey, UN Say
Officials from Russia, Ukraine, Turkey, and the United Nations have agreed to a deal to resume exports of Ukrainian grain through the Black Sea, according to Turkish and U.N. officials. A general agreement that was reached during talks in Istanbul last week will be put into writing, and signed by all parties on July 22…
UN Food Chief Warns of Global Crisis Not Seen Since World War II
March 30, 2022
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Europefood crisisgrainRussiaRussia Ukraine invasionRussia-Ukraine WarUkraineUNUnited NationswheatWorld
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The U.N. food chief on Tuesday warned that Russia’s Ukraine invasion will have a global impact “beyond anything we’ve seen since World War II” and that the war has created “a catastrophe on top of a catastrophe.” “We would have never dreamed anything like this would be possible,” David Beasley, executive director of the U.N….
China Braces for Food Crisis
News Analysis Last November, a wave of panic buying and hoarding was spurred by a message from China’s Ministry of Commerce, instructing local governments to stabilize food supply and prices. Now, as the war in Ukraine is threatening wheat and fertilizer exports, China braces for a food crisis, while Americans can expect higher prices at…
Live Q&A: How Russia’s Blitzkrieg Strategy Failed; Crisis Cuts Deep Into Global Food Supplies
The Russian Federation attempted a rapid takeover of key locations in Ukraine, yet the advance was badly delayed and the strategy is now breaking at the seams. Russia now faces demoralized troops, deep sanctions, a narrative catastrophe, and growing unrest among its own population. And in other news, Russia is one of the world’s top…
Russia-Ukraine War to Cost China Money
News Analysis Ukraine was forced to suspend commercial shipping at its ports on Feb. 24 as Russian missiles rained down across the country. As a major exporter of corn and wheat, Ukraine’s situation has stoked unease in the global grain market and will likely see countries like China need to spend more to secure supplies…
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