Eurasia Center Brief Analysis EC/2022/25. – An agreement was reached on resuming grain deliveries to Ukraine

Abstract

In its latest analysis, the Eurasia Center investigates the food security crisis in the Middle East and North Africa, as well as the recent agreement between the United Nations and Turkey, as well as its potential impact. Following the outbreak of war between Russia and Ukraine, Western sanctions against Russia have led to a sharp increase in energy and food prices, which analysts believe will have a long-term impact on global energy and commodity markets. The Russian invasion has forced Ukraine to ban the export of wheat, oats, millet, buckwheat and other foods, in order to secure its own domestic food supply. It should be noted that in 2021, Russia and Ukraine together exported more than a quarter of the world’s wheat, and the following shortage severely strained the economies of major importers. They later decided to resume the export of Ukrainian grain, but were unable to handle cargo ships from the country’s crowded ports, raising concerns about global food supplies. The recent signing of an agreement to resume Ukrainian grain shipments to Turkey may offer some hope. However, the grain is not arriving on time in many Middle Eastern and African countries, calling the future success of the agreement into question.

Keywords: Russian-Ukrainian war, UN-Turkish agreement, food security, Arab world, economy

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