Moscow, Kiev sign Black Sea Initiative on grain transportation - Breaking The News
Download our appPlay StoreApp Store

Moscow, Kiev sign Black Sea Initiative on grain transportation

EPA-EFE/SEDAT SUNA

Russia and Ukraine signed Friday the UN initiative on global access to Ukrainian food products and Russian food and fertilize at a ceremony in Istanbul where Turkish President Recep Tayyip Erdogan and United Nations Secretary-General Antonio Guterres were present.

Guterres noted the importance of cooperation between all parties to achieve this significant step. He also celebrated how both sides, Ukraine and Russia, had succeeded in overcoming their particular interests to solve a global food crisis. "This is an agreement for the world," Guterres said.

On the other side, Erdogan stressed that the initiative is said to play a vital role in the globe, "preventing the danger of hunger" in the midst of soaring food prices. He mentioned the foreign affairs ministers contributed to the draft's success and thanked Ukrainian President Volodymyr Zelensky and his Russian counterpart Vladimir Putin. "This joint step we are taking today will be a new step in renewing peace," Erdogan added.

Related News
Europe closes mixed ahead of holidays
Markets in Europe ended trade mixed on Thursday ahead of the Christmas break as investors digested news that Italy's banks, including the most troubled Monte Paschi, are set for a state bailout. The FTSE MIB fell 0.49%. Mediaset, plunging 12.40%, led the losses. Monte Paschi plummeted 7.48%. The DAX closed 0.11% in the red. The worst performer was Deutsche Bank as its shares shed 1.36%. The CAC 40 edged up 0.02% with energy...
Bad day at European markets
Trading week in Europe started with lower open and then with widespread losses on Monday, and with but a few gainers. The German DAX index fell 1.71% to 10,392 points at 2:40 p.m. CET. The energy company E.ON was bleeding 14.24% after it has finally separated its fossil fuel unit Uniper, which was listed on Monday. In Paris, the CAC 40 dropped 1.69%, with no gains in sight. ArcelorMittal, AXA, Nokia, SocGen were the leading losers, while L'Oreal was the best...
Opening bell: U.S. stocks rise on data
Major markets in the United States opened slightly higher on Monday, following the latest data on inflation and personal consumption. Personal spending was 0.3% higher in July, and personal consumption expenditures price index rose 0.1%. The Dow Jones Industrial Average added 0.18%, opening at 18,421 points. The S&P 500 opened 0.19% higher, opening at 2,170 points. The Nasdaq 100 was up 0.14% on open at 4,787 points. The Nasdaq Composite added...
Wall Street eyes earnings, oil, Fed
Major financial markets in the United States opened mixed on Wednesday, with investors' attention focused on earnings and oil prices. The Street is anxious to find out if and when the fed will raise interest rate, and is expecting Janet Yellen's speech on Friday. U.S. house prices rose 0.2% in June from May. The Dow Jones Industrial Average opened up 0.10%. The S&P 500 started 0.10% lower. The Nasdaq 100 on lost 0.12% open. Starbucks, eBay and Akamai took...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.