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Tribune News Service
Tribune News Service
Business
Christopher Vondracek

Russia's refusal to renew grain passage agreement revives concern over food prices

Russia said Monday it would not renew an agreement to safeguard cargo passage on a crucial Black Sea shipping corridor that for months has helped stabilizes global food prices.

The announcement signals the resumption of a Russian naval blockade in Europe's breadbasket, primarily of Ukrainian wheat and corn. The cessation of the international deal revives a litany of concerns among Minnesota stakeholders in the region, ranging from food insecurity to endangered shipping vessels.

Calling on Russia to reverse the decision, Sen. Amy Klobuchar, D-Minnesota, put blame on Russian President Vladimir Putin for pulling out of the Black Sea Grain Initiative, which she said would exacerbate food insecurity.

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