The Fort Worth Press - Russia, Ukraine seal landmark grain deal in Istanbul

USD -
AED 3.673008
AFN 64.501861
ALL 81.496856
AMD 360.430105
ANG 1.789785
AOA 918.0004
ARS 1545.562106
AUD 1.446455
AWG 1.8
AZN 1.696989
BAM 1.747857
BBD 2.013995
BDT 124.194572
BGN 1.747831
BHD 0.37735
BIF 3010
BMD 1
BND 1.279838
BOB 11.883984
BRL 5.512801
BSD 0.999937
BTN 93.852382
BWP 13.739421
BYN 2.994093
BYR 19600
BZD 2.011135
CAD 1.413071
CDF 2319.999662
CHF 0.82075
CLF 0.024688
CLP 971.650151
CNY 6.676499
CNH 6.67146
COP 3277.23
CRC 452.916521
CUC 1
CUP 23.998856
CVE 99.396875
CZK 21.730089
DJF 177.71955
DKK 6.672203
DOP 60.749534
DZD 136.112019
EGP 53.877798
ERN 15
ETB 161.206766
EUR 0.892495
FJD 2.25525
FKP 0.74879
GBP 0.745125
GEL 2.594978
GGP 0.74879
GHS 11.685013
GIP 0.74879
GMD 74.501052
GNF 8857.497187
GTQ 7.640921
GYD 209.629348
HKD 7.841925
HNL 27.075018
HRK 6.76901
HTG 131.066963
HUF 323.387483
IDR 18083
ILS 3.15879
IMP 0.74879
INR 93.73375
IQD 1514
IRR 1891353.000125
ISK 122.620149
JEP 0.74879
JMD 158.851444
JOD 0.709021
JPY 158.049498
KES 129.950016
KGS 87.449842
KHR 4080.000141
KMF 442.000032
KPW 899.999961
KRW 1344.38031
KWD 0.31089
KYD 0.833348
KZT 448.635799
LAK 22504.999816
LBP 89550.000036
LKR 332.482853
LRD 170.300197
LSL 16.559737
LTL 2.95274
LVL 0.60489
LYD 6.429959
MAD 9.757501
MDL 18.024451
MGA 4594.999698
MKD 54.939464
MMK 2099.456394
MNT 3601.166008
MOP 8.076267
MRU 40.249839
MUR 47.079996
MVR 15.402086
MWK 1737.00002
MXN 18.599915
MYR 4.058974
MZN 63.896659
NAD 16.559625
NGN 1347.605638
NIO 36.610197
NOK 9.41092
NPR 150.16399
NZD 1.77856
OMR 0.384491
PAB 1.000027
PEN 3.4425
PGK 4.492004
PHP 63.180113
PKR 276.650365
PLN 3.915699
PYG 6250.390985
QAR 3.642993
RON 4.768901
RSD 105.013012
RUB 82.500022
RWF 1475
SAR 3.760416
SBD 8.048583
SCR 13.899314
SDG 601.501488
SEK 9.82499
SGD 1.27972
SHP 0.748923
SLE 22.949728
SLL 20969.504398
SOS 571.502952
SRD 37.551999
STD 20697.981008
STN 22.275
SVC 8.750011
SYP 13001.999685
SZL 16.560398
THB 33.463975
TJS 9.179562
TMT 3.5
TND 2.985497
TOP 2.40776
TRY 50.180825
TTD 6.78213
TWD 32.809199
TZS 2644.997979
UAH 45.554751
UGX 4094.837216
UYU 40.322617
UZS 11999.999979
VES 896.316397
VND 25515.5
VUV 119.26207
WST 2.787824
XAF 585.438639
XAG 0.018981
XAU 0.000243602986
XCD 2.70255
XCG 1.802193
XDR 0.707052
XOF 585.438639
XPF 107.449574
YER 236.624961
ZAR 16.41525
ZMK 9001.202101
ZMW 20.324048
ZWL 321.999592
SSP 5745.232324
MXV 2.09096
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Russia, Ukraine seal landmark grain deal in Istanbul
Russia, Ukraine seal landmark grain deal in Istanbul / Photo: © AFP

Russia, Ukraine seal landmark grain deal in Istanbul

Ukraine and Russia on Friday ended months of fraught negotiations and signed a landmark deal with Turkey and the United Nations aimed at relieving a global food crisis caused by blocked Black Sea grain deliveries.

Text size:

The first major deal between the warring parties since Russia's February invasion should help ease the "acute hunger" that the UN estimates say now faces an additional 47 million people because of the war.

But the hostility between Moscow and Kyiv spilled over into the signing ceremony -- delayed for more than half an hour by disputes about the display of flags around the table and Ukraine's refusal to put its name on the same document as the Russians.

The two sides eventually inked separate but identical agreements in the presence of UN Secretary General Antonio Guterres and Turkish President Recep Tayyip Erdogan at Istanbul's lavish Dolmabahce Palace on the Bosphorus Strait.

"Today, there is a beacon on the Black Sea -- a beacon of hope, a beacon of possibility, a beacon of relief," Guterres said moments before Russian and Ukrainian officials penned their separate deals.

Turkish President Recep Tayyip Erdogan -- a key player in the negotiations who has good relations with both Moscow and Kyiv -- said the deal would "hopefully revive the path to peace".

But Ukraine entered the ceremony by bluntly warning that it would conduct "an immediate military response" should Russia violate the agreement and attack its ships or stage an incursion around its ports.

Ukrainian President Volodymyr Zelensky later said the responsibility for enforcing the deal would fall to the UN.

- 25 million tonnes of wheat -

The agreement includes points on running Ukrainian grain ships along safe corridors that avoid known mines in the Black Sea.

Up to 25 million tonnes of wheat and other grain have been blocked in Ukrainian ports by Russian warships and landmines Kyiv has laid to avert a feared amphibious assault.

Wheat prices tumbled Friday to levels seen before Russia's invasion of Ukraine, following the agreement -- even as some analysts expressed scepticism about the accord.

In Chicago, the price of wheat for delivery in September dropped 5.9 percent to $7.59 per bushel, equivalent to about 27 kilograms. Prices in Europe fell by a similar amount.

Russian Defence Minister Sergei Shoigu told Kremlin state media after attending the signing ceremony that he expected the deal to start working "in the next few days".

He pointed out that Russia had managed to secure a separate pledge from Washington and Brussels to lift all restrictions on its own grain and other agricultural exports.

Western powers hailed the agreement while urging Moscow to closely abide by its rules.

A US official said the deal was "well-structured" enough to monitor Russia compliance.

"We fully expect the implementation of today's arrangement to commence swiftly to prevent the world's most vulnerable from sliding into deeper insecurity and malnutrition," White House spokesman John Kirby told reporters.

The European Union called for the deal's "swift implementation" while UK Foreign Secretary Liz Truss said London "will be watching to ensure Russia's actions match its words".

- Guarded hope -

Diplomats expect grain to only start fully flowing by the middle of August.

The four sides must first set up a joint command and control centre in Istanbul that monitors the ships' passage and addresses any disputes.

They have yet to nail down how the ships will be checked for possible weapons before returning empty to Ukrainian ports.

Ukrainian farmers who have been watching their silos fill up with grain that they cannot sell met the Istanbul deal with guarded hope.

"It gives some hope but you can't believe what the Russians say," said farmer Mykola Zaverukha.

His silos were already filled with 13,000 tonnes of grain and in danger of overflowing because this year's harvest was only just starting to come in.

"Russia is unreliable, they have shown themselves to be year after year," he told AFP in the southern Mykolaiv region.

Global alarm about that grain has been accompanied by European fears that Russia is starting to use its stranglehold on energy exports as a geopolitical weapon in its standoff with the West.

The grain deal was signed one day after Russia's restart of the Nord Stream natural gas pipeline eased concerns in Europe of a permanent shut off after 10 days of repairs.

But analysts warn that the partial resumption of gas supplies was insufficient to ward off energy shortages in Europe this winter.

- Mounting Russian losses -

The ornate halls of Istanbul's Dolmabahce Palace felt far removed in east Ukraine's Donbas war zone on another day of relentless shelling across the front.

Russia is trying to fight deeper into the war zone's Donetsk region after securing full control of neighbouring Lugansk.

The Ukrainian presidency said five people were killed and twice as many injured in Russian attacks around the Donetsk region the previous day.

In the Donetsk village of Chasiv Yar -- hit by a strike on July 10 that killed more than 45 people -- 64-year-old Lyudmila was gathering apricots near the wreckage.

"There is nothing anymore. The officials have left. We have to fend for ourselves to stay alive," she said giving only her first tame.

 

But US and British spy chiefs believe Russian President Vladimir Putin was suffering far greater losses than expected.

Ukraine's war effort has been particularly helped in the past few weeks by the delivery of US high-precision weapons that allow Kyiv to destroy Russian weapons silos at long range.

burs-zak/gw

T.Mason--TFWP