The United States on Thursday sought to facilitate Russian food and fertilizer exports by reassuring banks, shipping and insurance companies that such transactions would not breach Washington’s sanctions on Moscow over its invasion of Ukraine.
The war in Ukraine has sent prices soaring for grains, cooking oils, fuel and fertilizer, stoking a global food crisis.The war in Ukraine has sent prices soaring for grains, cooking oils, fuel and fertilizer, stoking a global food crisis.
The written US clarification came a day after Russia, Ukraine, Turkey and UN officials met in Istanbul for talks aimed at resuming Ukraine’s grain exports.“The United States strongly supports efforts by the United Nations to bring both Ukrainian and Russian grain to world markets and to reduce the impact of Russia’s unprovoked war on Ukraine on global food supplies and prices,” said the US Treasury Department in the fact sheet.
Russia’s February 24 invasion and blockade of Ukraine’s ports has stalled exports, leaving dozens of ships stranded and some 20 million tonnes of grain stuck in silos at Odesa. Ukraine and Russia are major global wheat suppliers, and Russia is also a large fertilizer exporter, while Ukraine is a significant producer of corn and sunflower oil.
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