"Russia's Last-Minute Decision Jeopardizes Global Food Security with Ukraine Grain Deal"

Russia has suspended a humanitarian corridor agreement that allowed the export of Ukrainian grains to global markets, just hours before the deal's expiration. The Black Sea Grain Initiative, established to address a global food crisis following Russia's invasion of Ukraine, has been repeatedly extended but faced discontent from Russia over perceived export restrictions. Wheat prices rose 3.5% in response to the news. Moscow has officially notified Ankara, Kyiv, and the U.N. secretariat of its opposition to extending the initiative. The agreement allowed the export of commercial food and fertilizer supplies from Ukrainian ports in the Black Sea.