Turkey says a deal has been reached with Russia to allow Ukraine to resume exports of grain through the Black Sea.
It is to be signed on Friday in Istanbul by Ukraine, Russia, Turkey and UN Secretary General Antonio Guterres.
The world shortage of Ukrainian grain since Russia’s 24 February invasion has left millions at risk of hunger.
The invasion sent food prices soaring, so the deal to unblock Ukraine’s ports is crucial. Some 20 million tonnes of grain is stuck in silos in Odesa.
Ukraine’s foreign ministry confirmed that another UN-led round of talks to unblock grain exports would take place in Turkey on Friday – and a document “may be signed”.
Edit: I understand it’s just grain but the deal would indirectly impact inflation and energy prices since this will change the tune of the war (maybe the war will end sooner than later) and its effects on global economy. The stock market could definitely move in a positive direction if the deal gets done.