Global Concern On Russia’s Grain Deal Suspension

October 30, 2022 8:08 am

KYIV, Ukraine (AP) — U.S. President Joe Biden has warned that global hunger could increase because of Russia’s suspension of a U.N.-brokered deal to allow safe passage for ships carrying Ukrainian grain. He spoke after Russia announced it would immediately halt participation in the agreement, alleging that Ukraine carried out a drone attack Saturday against Russia’s Black Sea Fleet off the coast of occupied Crimea. Ukraine has denied the attack. The grain initiative has allowed more than 9 million tons of grain in 397 ships to safely leave Ukrainian ports since it was signed in July. It was to be renewed in late November. The grain agreement has succeeded in lowering global food prices, which have fallen by approximately 15% from their peak in March.