"Russia's Use of Cheap Grain as a Weapon Sparks EU Warning and Grain Deal Fallout"

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Source: Reuters
"Russia's Use of Cheap Grain as a Weapon Sparks EU Warning and Grain Deal Fallout"
Photo: Reuters
TL;DR Summary

The European Union (EU) has warned developing countries that Russia is using cheap grain as a means to create new dependencies and exacerbate economic vulnerabilities and global food insecurity. EU foreign policy chief Josep Borrell urged developing and Group of 20 countries to push Moscow to return to the Black Sea grain export deal and stop targeting Ukraine's agricultural infrastructure. Russia, which recently quit the deal, has been approaching vulnerable countries with discounted grain shipments, claiming to solve a problem it created itself. The EU emphasized that there are no sanctions on Russia's food and fertilizer exports to third countries and expressed its commitment to preventing over-compliance and de-risking activities. The EU will continue supporting efforts to revive the Black Sea grain deal and counter Russian disinformation on global food security.

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