Black Sea Grain Initiative
On July 22, 2022, Ukraine and Russia signed the Black Sea Grain Initiative. Under the terms of the deal, Ukraine can now export grain and other agricultural products out of its ports without Russian interference. Ukrainian exports of wheat alone top $3.6 billion per year, making this a huge win for Kyiv.
But will it hold up? Is this just a trick from Russia? Or are there good reasons for Putin to follow through on the deal out of his own self-interest?
Credit to : William Spaniel
