President Vladimir Putin said this month that Russia was considering withdrawing from the Black Sea grain deal as he accused the West of cheating Moscow because it still faced obstacles getting its own agricultural goods to world markets.THE PACKAGE DEAL
To convince Russia to agree to the initiative, a three-year pact was also struck last July in which the United Nations agreed to help Moscow overcome any obstacles to its own food and fertiliser shipments. Between 2018–2020, Africa imported US$3.7 billion in wheat from Russia and another US$1.4 billion from Ukraine , according to the United Nations.
Putin said Russia only agreed to the deal for the sake of countries in Africa and Latin America but that only around 3.2-3.4 per cent of the grain goes to the world's poorest countries while 40 per cent went to prosperous countries. As a workaround, UN officials got US bank JPMorgan Chase & Co JPM.N to start processing some Russian grain export payments with reassurances from the U.S. government.
Until the ammonia pipeline is restarted, Moscow has said it will limit the number of vessels allowed to travel to Pivdennyi port under the Black Sea grain deal. US data shows no ships have visited Pivdennyi port for more than a month.
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