{"id":20354,"date":"2023-06-22T11:41:33","date_gmt":"2023-06-22T11:41:33","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=726892"},"modified":"2023-06-22T11:41:33","modified_gmt":"2023-06-22T11:41:33","slug":"russia-is-likely-to-quit-black-sea-grain-deal-in-july-ukraine-envoy","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2023\/06\/22\/russia-is-likely-to-quit-black-sea-grain-deal-in-july-ukraine-envoy\/","title":{"rendered":"Russia Is Likely to Quit Black Sea Grain Deal in July: Ukraine Envoy"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2022\/08\/cargo-vessel-razoni-sailing-to-tripoli-getty-580x386.jpg\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2022\/08\/cargo-vessel-razoni-sailing-to-tripoli-getty.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/international\/2023\/06\/22\/726892.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/international\/2023\/06\/22\/726892.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p class=\"tr-story-p1\">Russia is 99.9% certain to quit a U.N.-brokered deal on the safe wartime passage of Black Sea grain next month because it no longer needs Ukrainian ports to export ammonia, a senior Ukrainian diplomat said.<\/p>\n<p>The United Nations and Turkey brokered the Black Sea Grain Initiative with Moscow and Kyiv last July to help tackle a global food crisis worsened by Russia\u2019s invasion of its neighbor and a blockade of Ukrainian Black Sea ports.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>Moscow has threatened not to extend the agreement beyond July 18 unless a series of demands, including the removal of obstacles to Russian grain and fertilizer exports, are met.<\/p>\n<p>The Black Sea export deal also allows for the safe export of ammonia \u2013 an important ingredient in nitrate fertilizer \u2013 but none has been shipped under the initiative.<\/p>\n<p>Russia has been pushing for the resumption of ammonia supplies via a pipeline through Ukraine to the Black Sea port of Odesa that has lain idle since last year.<\/p>\n<p>Olha Trofimtseva, Ukraine\u2019s foreign ministry ambassador at large, said Russian ammonia producer Uralchem had found an alternative route and does not need to export ammonia via Odesa.<\/p>\n<p>\u201cThe grain corridor. 99.9% that Russia will leave it in July,\u201d Trofimtseva said on the Telegram messaging app late on Wednesday.<\/p>\n<p>Uralchem CEO Dmitry Konyaev said last month a specialized ammonia terminal whose first construction stage is due to be completed on the Taman Peninsula in Russia by the end of 2023 could be a substitute for the Odesa pipeline.<\/p>\n<div class=\"bzn bzn-sized bzn-intext-2\">\n<ins data-revive-zoneid=\"162\" data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p><strong>Plan B?<\/strong><\/p>\n<p>Ukrainian Agriculture Minister Mykola Solsky said this month Kyiv had a Plan B if Russia decided to quit the Black Sea deal.<\/p>\n<p>He said the government had created a special insurance fund of around $547 million for companies whose ships would come to Ukrainian Black Sea ports under a new arrangement.<\/p>\n<p>Ukraine has also said it can export grain via its small Danube river ports as well as through its Western border with the European Union.<\/p>\n<p>Trofimtseva, a former acting agriculture minister, said Ukraine had to prepare, but expressed doubt that how much the insurance fund would help with exports.<\/p>\n<p>Referring to Russia\u2019s invasion, she said: \u201cOn this summer day, we should already think about winter. We are going to enter the second military winter, and I think it may be much more difficult than the previous one. From all points of view.\u201d<\/p>\n<p class=\"tr-signoff\">(Reporting by Pavel Polityuk, Editing by Timothy Heritage)<\/p>\n<p><em>Photograph: The cargo vessel Razoni sailing en route to Tripoli, Lebanon, along the Bosphorus Strait, near Istanbul, Turkey, on Aug. 3, 2022. Photo credit: Ozan Kose\/AFP\/Getty Images<\/em><\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/location\/russia\/\" class=\"btn btn-sm btn-primary tagtag\">Russia<\/a> <a href=\"https:\/\/www.insurancejournal.com\/location\/ukraine\/\" class=\"btn btn-sm btn-primary tagtag\">Ukraine<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"726892\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! 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