AIRLINK 205.81 Increased By ▲ 5.52 (2.76%)
BOP 10.24 Decreased By ▼ -0.25 (-2.38%)
CNERGY 7.06 Decreased By ▼ -0.15 (-2.08%)
FCCL 34.66 Decreased By ▼ -0.28 (-0.8%)
FFL 17.10 Decreased By ▼ -0.32 (-1.84%)
FLYNG 24.68 Decreased By ▼ -0.17 (-0.68%)
HUBC 131.18 Increased By ▲ 3.37 (2.64%)
HUMNL 13.98 Increased By ▲ 0.17 (1.23%)
KEL 4.91 Decreased By ▼ -0.09 (-1.8%)
KOSM 6.81 Decreased By ▼ -0.22 (-3.13%)
MLCF 44.34 Decreased By ▼ -0.28 (-0.63%)
OGDC 221.77 Decreased By ▼ -0.38 (-0.17%)
PACE 7.22 Decreased By ▼ -0.20 (-2.7%)
PAEL 42.69 Decreased By ▼ -0.11 (-0.26%)
PIAHCLA 17.13 Decreased By ▼ -0.26 (-1.5%)
PIBTL 8.42 Decreased By ▼ -0.09 (-1.06%)
POWER 9.09 Decreased By ▼ -0.06 (-0.66%)
PPL 190.86 Decreased By ▼ -1.87 (-0.97%)
PRL 43.49 Increased By ▲ 1.99 (4.8%)
PTC 24.79 Increased By ▲ 0.35 (1.43%)
SEARL 102.66 Increased By ▲ 1.39 (1.37%)
SILK 1.02 Decreased By ▼ -0.03 (-2.86%)
SSGC 42.74 Decreased By ▼ -1.13 (-2.58%)
SYM 18.40 Decreased By ▼ -0.36 (-1.92%)
TELE 9.26 Decreased By ▼ -0.28 (-2.94%)
TPLP 13.15 Increased By ▲ 0.07 (0.54%)
TRG 68.78 Increased By ▲ 2.59 (3.91%)
WAVESAPP 10.42 Decreased By ▼ -0.11 (-1.04%)
WTL 1.80 Increased By ▲ 0.02 (1.12%)
YOUW 4.00 Decreased By ▼ -0.04 (-0.99%)
BR100 12,034 Decreased By -5.6 (-0.05%)
BR30 36,777 Increased By 88.7 (0.24%)
KSE100 114,496 Decreased By -308.5 (-0.27%)
KSE30 36,003 Decreased By -99.2 (-0.27%)

ISTANBUL: Turkish President Recep Tayyip Erdogan on Wednesday announced a two-month extension of a UN-backed deal under which Ukraine ships grain across the Black Sea to global markets.

Erdogan made the announcement one day before it had been due to expire, scoring a diplomatic coup ahead of a May 28 runoff election in which he will try to extend his two-decade rule until 2028.

He thanked “my precious friend”, Russian President Vladimir Putin, Ukrainian counterpart Volodymyr Zelensky and UN Secretary General Antonio Guterres for their roles in extending the agreement.

“With the efforts of our country, the support of our Russian friends, the contribution of our Ukrainian friends, it was decided to prolong the Black Sea grain deal for two more months,” Erdogan said in nationally televised remarks.

Loss of Black Sea grain deal not threat to global supplies, for now

Erdogan said Russia had agreed not to block ships from leaving two Ukrainian harbours, expressing hope that the deal would be “beneficial for all the parties”.

Kyiv said it was “grateful” to the United Nations and Turkiye for their efforts in “strengthening food security”.

But Russia denounced what it called “disparities” in the implementation of the deal that “should be corrected as quickly as possible”.

Ukraine was one of the world’s major grain exporters before Russia invaded in February last year.

Russian warships blockaded Ukraine’s Black Sea ports, sending food prices soaring on global markets and disproportionately hitting the world’s poorest.

Turkiye and the United Nations first brokered a deal between the warring parties in July 2022, which created safe corridors for the export of Ukrainian produce to assuage the crisis.

The deal is still the only one Moscow and Kyiv have signed up to since the war began.

‘Putin gives Erdogan win’

More than 30 million tonnes of grain and agricultural products have been exported under the initiative to date.

But the agreement has periodically come under threat since then as Russia and Ukraine struggled to agree on renewing it before expiration deadlines.

In March, the agreement was renewed for 60 days instead of the 120 days sought by Ukraine, after Russia laid down a number of conditions, including the right to export fertiliser.

Ukrainian, Russian, Turkish and UN officials met in Istanbul last week to negotiate the latest renewal, which was held up by a separate proposal to resume exports of Russia’s ammonia via a pipeline.

Ammonia is a core component of fertiliser, whose export Russia accuses the West of blocking in violation of past deals.

Ukraine’s attempt to export more of its agricultural produce by land has caused friction with neighbouring EU countries where farmers said the price of their produce was being undercut.

The announcement was seen as the latest diplomatic success for Erdogan, who failed to clinch outright victory against secular rival Kemal Kilicdaroglu in last Sunday’s presidential election.

NATO member Turkiye has worked to maintain good ties between Russia and Ukraine, hosting two early but ultimately unsuccessful rounds of peace talks between the warring sides.

The diplomatic overtures have boosted Erdogan’s domestic political message of providing responsible statesmanship and increasing Turkish influence in the world.

“Putin gives Erdogan another diplomatic win ahead of the 28 May presidential election run-off,” Emre Peker of the Eurasia Group consultancy wrote on Twitter.

Comments

Comments are closed.