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Reuters
Reuters
Business

Turkish defmin says he believes Black Sea grain deal will be extended

Turkish Defence Minister Hulusi Akar said on Sunday that he believes that a deal allowing Ukrainian grain to be exported via the Black Sea will be extended from its current March 18 deadline.

The Black Sea Grain Initiative, brokered between Russia and Ukraine by the United Nations and Turkey last July, aimed to prevent a global food crisis by allowing Ukrainian grain blockaded by Russia's invasion to be safely exported from three Ukrainian ports.

The deal was extended for 120 days in November and will renew on March 18 if no party objects. However, Moscow has already signalled it will only agree to an extension if restrictions affecting its own exports are lifted.

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