AIRLINK 79.41 Increased By ▲ 1.02 (1.3%)
BOP 5.33 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.38 Increased By ▲ 0.05 (1.15%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 76.87 Decreased By ▼ -1.64 (-2.09%)
FCCL 20.53 Decreased By ▼ -0.05 (-0.24%)
FFBL 31.40 Decreased By ▼ -0.90 (-2.79%)
FFL 9.85 Decreased By ▼ -0.37 (-3.62%)
GGL 10.25 Decreased By ▼ -0.04 (-0.39%)
HBL 117.93 Decreased By ▼ -0.57 (-0.48%)
HUBC 134.10 Decreased By ▼ -1.00 (-0.74%)
HUMNL 7.00 Increased By ▲ 0.13 (1.89%)
KEL 4.67 Increased By ▲ 0.50 (11.99%)
KOSM 4.74 Increased By ▲ 0.01 (0.21%)
MLCF 37.44 Decreased By ▼ -1.23 (-3.18%)
OGDC 136.70 Increased By ▲ 1.85 (1.37%)
PAEL 23.15 Decreased By ▼ -0.25 (-1.07%)
PIAA 26.55 Decreased By ▼ -0.09 (-0.34%)
PIBTL 7.00 Decreased By ▼ -0.02 (-0.28%)
PPL 113.75 Increased By ▲ 0.30 (0.26%)
PRL 27.52 Decreased By ▼ -0.21 (-0.76%)
PTC 14.75 Increased By ▲ 0.15 (1.03%)
SEARL 57.20 Increased By ▲ 0.70 (1.24%)
SNGP 67.50 Increased By ▲ 1.20 (1.81%)
SSGC 11.09 Increased By ▲ 0.15 (1.37%)
TELE 9.23 Increased By ▲ 0.08 (0.87%)
TPLP 11.56 Decreased By ▼ -0.11 (-0.94%)
TRG 72.10 Increased By ▲ 0.67 (0.94%)
UNITY 24.82 Increased By ▲ 0.31 (1.26%)
WTL 1.40 Increased By ▲ 0.07 (5.26%)
BR100 7,526 Increased By 32.9 (0.44%)
BR30 24,650 Increased By 91.4 (0.37%)
KSE100 71,971 Decreased By -80.5 (-0.11%)
KSE30 23,749 Decreased By -58.8 (-0.25%)

ISTANBUL: Turkish Foreign Minister Mevlut Cavusoglu said on Sunday that Ankara is working hard to extend a UN-backed initiative that has enabled Ukraine to export grain from ports blockaded by Russia following its invasion.

The Black Sea Grain Initiative brokered by the United Nations and Turkiye last July allowed grain to be exported from three Ukrainian ports.

The agreement was extended in November and will expire on March 18 unless an extension is agreed. Russia has signalled it is unhappy with aspects of the deal.

“We are working hard for the smooth implementation and further extension of the Black Sea grain deal,” Cavusoglu said in a speech at the United Nations Conference on Least Developed Countries being held in Doha, Qatar.

Russia has said it would only agree to extend the Black Sea grain deal if the interests of its own agricultural producers are taken into account. On Sunday, Maria Zakharova, a spokeswoman for the Russian foreign ministry, reiterated this position.

“If this agreement is equal, then we have always fulfilled our part and are going to fulfil it in all the agreements,” she said according to TASS news wire, adding that Russia would be against “goading and machinations”.

Russia’s agricultural exports have not been explicitly targeted by Western sanctions, but Moscow says restrictions on its payments, logistics and insurance industries are a “barrier” to it being able to export its own grains and fertilisers.

EU wheat falls on Black Sea competition

Cavusoglu said he also discussed efforts to discuss the extension of the deal with UN Secretary General Antonio Guterres.

Almost 23 million tonnes of grain and other foodstuffs have been exported via the Black Sea Grain Initiative as of March 3, according to the Joint coordination Centre in Turkiye which oversees implementation of the deal.

Comments

Comments are closed.