AIRLINK 217.98 Decreased By ▼ -4.91 (-2.2%)
BOP 10.93 Increased By ▲ 0.11 (1.02%)
CNERGY 7.55 Decreased By ▼ -0.01 (-0.13%)
FCCL 34.83 Decreased By ▼ -2.24 (-6.04%)
FFL 19.32 Increased By ▲ 0.08 (0.42%)
FLYNG 25.15 Decreased By ▼ -1.89 (-6.99%)
HUBC 131.09 Decreased By ▼ -1.55 (-1.17%)
HUMNL 14.56 Decreased By ▼ -0.17 (-1.15%)
KEL 5.18 Decreased By ▼ -0.22 (-4.07%)
KOSM 7.36 Decreased By ▼ -0.12 (-1.6%)
MLCF 45.63 Decreased By ▼ -2.55 (-5.29%)
OGDC 222.08 Decreased By ▼ -1.18 (-0.53%)
PACE 8.16 Decreased By ▼ -0.02 (-0.24%)
PAEL 44.19 Increased By ▲ 0.69 (1.59%)
PIAHCLA 17.69 Decreased By ▼ -0.37 (-2.05%)
PIBTL 8.97 Decreased By ▼ -0.10 (-1.1%)
POWERPS 12.51 Decreased By ▼ -0.50 (-3.84%)
PPL 193.01 Decreased By ▼ -5.23 (-2.64%)
PRL 43.17 Increased By ▲ 0.93 (2.2%)
PTC 26.63 Decreased By ▼ -0.76 (-2.77%)
SEARL 107.08 Decreased By ▼ -3.00 (-2.73%)
SILK 1.04 Decreased By ▼ -0.02 (-1.89%)
SSGC 45.00 Decreased By ▼ -2.30 (-4.86%)
SYM 21.19 Increased By ▲ 0.42 (2.02%)
TELE 10.15 Decreased By ▼ -0.37 (-3.52%)
TPLP 14.51 Decreased By ▼ -0.44 (-2.94%)
TRG 67.28 Decreased By ▼ -1.57 (-2.28%)
WAVESAPP 11.29 Decreased By ▼ -0.63 (-5.29%)
WTL 1.70 Decreased By ▼ -0.09 (-5.03%)
YOUW 4.25 Decreased By ▼ -0.10 (-2.3%)
BR100 12,397 Increased By 33.3 (0.27%)
BR30 37,347 Decreased By -871.2 (-2.28%)
KSE100 117,587 Increased By 467.3 (0.4%)
KSE30 37,065 Increased By 128 (0.35%)

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% of those imports from Russia and Ukraine. Russia’s Feb. 24 invasion of Ukraine disrupted shipments and sped up a rise in global commodity prices, delivering a financial shock to Egypt.

In its response to the war, Egypt has been torn between long-standing ties to Russia and its close relationship to Western powers that have sanctioned and sought to isolate Moscow.

Western embassies had lobbied Egypt and the Arab League ahead of Lavrov’s visit, which included talks with President Abdel Fattah al-Sisi and representatives of the Arab League.

“We reaffirmed the commitment of Russian grain exporters to meet all their commitments,” Lavrov said in a press conference with Egyptian counterpart Sameh Shoukry.

“We discussed specific parameters of cooperation in this area, agreed on further contacts between the relevant ministries, and we have a common understanding of the causes of the grain crisis.”

Since the start of the war, a blockade of Ukrainian ports by Russia’s Black Sea fleet has trapped tens of millions of tonnes of grain, worsening global supply chain bottlenecks.

Russia, Ukraine, Turkey and the United Nations signed a deal on Friday to restart Ukrainian wheat exports by sea, but a Russian strike on Odesa on Saturday put implementation of the agreement in doubt.

Russia has blamed the blockade on Ukrainian mines, though under Friday’s deal pilots would guide ships along safe channels. Lavrov said he hoped the United Nations would succeed in removing “illegitimate restrictions” on shipping.

“There are still 70 foreign vessels from 16 or 17 countries standing there as almost hostages, including, incidentally, one vessel blocked in Ukrainian ports because of the threat of mines, which is supposed to bring food to Egypt,” he said.

Russia has continued to supply Egypt with wheat since the war’s outbreak, selling to both the government and the private sector. Lavrov is visiting Egypt at the start of a regional tour of African states.

Comments

Comments are closed.