"Renewal of Vital Agricultural Deal Hangs in the Balance as Deadline Approaches"
The landmark agricultural deal between Ukraine and Russia, known as the Black Sea Grain Initiative, is set to expire on Monday, potentially worsening the global fallout of the ongoing war if Moscow refuses to renew it. The deal, which eased Russia's naval blockade and allowed for the shipment of agricultural products, has helped bring down global food prices. However, Russia is demanding the inclusion of fertilizer exports and the resumption of a pipeline, among other conditions, for the agreement's renewal. The expiration of the deal could have significant implications for food security and global grain exports.