Ukraine cuts grain prices for Turkey

Ankara has been working closely with Moscow and Kiev to reach an agreement to resume agricultural shipments from Odessa, a port on the Black Sea in Ukraine.

Turkish Defense Minister Hulusi Akar said that the countries together with the United Nations are drawing up a plan to clear mines and mines floating off Odessa and elsewhere along the Ukrainian coast, as well as protect the shipping corridors. transfer.

He said: “We’ve made a lot of progress on this,” he said. It also added that the parties were “making every effort to bring this to an end as soon as possible”.

The plan is expected to open a safe transport corridor for Ukrainian agricultural products amid the conflict, contributing to solving the growing global food crisis.

Ankara is said to have offered military assistance to clear mines off the coast of Odessa and escort grain ships, while Kiev has raised concerns that dismantling the defenses could leave the port vulnerable. Russia attack.

Last week, Russian President Vladimir Putin said that Moscow would ensure the safe export of Ukrainian grain through the Black Sea ports that Russia controls. His comments sent global cereal prices, which had spiked previously, back to April levels.

Western nations have repeatedly accused Russia of hindering exports, but the Kremlin claimed that Ukrainian grain ships could not leave the port because Ukrainian forces laid mines in the area.

In another development, on June 7, President Putin asked the government to come up with new budget regulations by the end of July to boost growth and protect the country’s economy from the risk of a serious recession. . Putin stated that authorities have begun to review the federal budget for the next three years.

He believes that inflation in the US is a result of mistakes by the country’s financial authorities, while in the EU it has more to do with Brussels’ energy policies. The Russian president stressed that whatever the cause is, it has nothing to do with Moscow or Russia’s actions in Ukraine.

Most governments have used fiscal stimulus to support people and businesses affected by the COVID-19 pandemic. Mr. Putin argued that Russia did this “carefully and accurately”, without affecting the macroeconomic picture and boosting inflation.