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New life for the grain deal?

Нов живот за зърнената сделка?

Lately, we've gotten used to every decision being penultimate. Someone once said: "a grain is not a policy, a grain is a strategy!". And today it is the strategy that is lacking - every three months the agreement was re-signed across the Black Sea, the EU applies "piecemeal" measures, including a ban on the import of Ukrainian grain, but only for certain countries and only for a certain period, the US banned imports from Russia, but excluding petroleum and fertilizers etc.

The pieces are so chaotic that even if we collect them and try to arrange the "grain puzzle", we will not get a clear picture of the future development of the market, precisely because there is a lack of strategy and consistency.

Turkey's behavior makes an impression in this situation. The efforts that the country is making to preserve the Black Sea Corridor are born not so much from altruism as from the awareness of the purely economic effect.

"The Black Sea Corridor is cheaper than other options for transporting agricultural products to world markets, including the possibility of transporting agricultural products from Ukraine via other sea and land routes, and from Russia via the North-South transport corridor," Erdoğan commented.

Turkish newspaper Hurriyet reported that Putin is expected to visit Turkey in the last week of August. According to the publication, the agenda of the talks between the Russian president and his Turkish counterpart will include issues related to the restoration of the grain deal, bilateral relations, relations between Turkey, Azerbaijan, Armenia and others.

Turkey is committed in the future to the Black Sea Initiative taking into account the package nature of the agreement, which implies the fulfillment of Russian conditions as part of the deal.

"If Erdogan manages to convince the West to fulfill the requirements that were set by Russia and that are written in the second part of the package agreement of the grain deal, there is a chance that we can resume this Black Sea grain initiative," the Kremlin commented.

Italian Deputy Prime Minister and Foreign Minister Antonio Tajani also expressed hope that a possible one-on-one meeting between Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin could pave the way for an agreement to resume grain exports via the Black Sea.

"The prices of grain and cereals are rising, which is the main problem. There should be an agreement between Russia and Ukraine with the mediation of Turkey, the only country capable of doing so at this moment," he said in an interview with the daily newspaper La Stampa.

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