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An agreement signed this Friday in Istanbul between Ukraine and Russia, brokered by Turkey and the United Nations, would allow 5 million tons of wheat exports per month from three Ukrainian ports.
Here’s what we know about the details of the deal:
The UN official said that as part of the agreement, grain ships will be able to navigate through a safe corridor in the Black Sea and then pass through the Bosphorus to reach global markets.
The ships will be monitored by a Joint Coordination Center (JCC), which will be established immediately in Istanbul and will include representatives from Ukraine, Russia, Turkey and the UN.
The ships will be inspected before they arrive in Ukraine by Russian, Ukrainian, Turkish and UN officials to ensure they are not carrying weapons.
According to CNN, Ukraine and Russia have agreed not to attack any ships identified as part of this initiative that are passing through established channels. In the event of an incident, KPK will intervene to solve any possible problem.
Representatives from the International Maritime Organization have been coordinating shipments with shipping networks, but it could be several weeks before ships start moving so that all the details of the agreement can be properly implemented.
The official stressed that the process must begin quickly so that Ukraine’s silos can be emptied for the new crop.
The agreement is valid for 120 days from the date of signing and can be extended for the same period if one of the parties has not announced its intention to terminate it, said Ukrainian Minister Oleksandr Kubrakov, who signed the agreement.
About 20 million tons of grain are held in Ukraine, while the summer harvest is now underway.
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