What could happen if the Black Sea Grain Deal is not extended?

Uncertainty with extending the Black Sea Grain Deal continues.

What could happen if Russia does not re-sign the agreement?

Under the pact, Ukraine has been able to export more than 27 million tons of ag products according to the United Nations, including more than half of the country’s corn and wheat exports for the marking season. It is unclear if Ukraine would be able to continue this exporting if the agreement was removed.

The country has also been shipping substantial volumes through neighboring countries, but there is now uncertainty with those routes as many European countries want to limit or halt Ukrainian grain imports entirely.

Russia says it refuses to extend the grain deal past mid May, unless the West removes export obstacles for their grain and fertilizer as well as the re-connection of their ag bank.

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