Moscow-Kyiv corridor deal to help deliver 25 million tonnes of grain to world: Report

grain corridor agreement, which will be signed in Istanbul, will enable for delivery of at least 25 million tonnes of grain to global markets, according to a media report. Notably, it was reported earlier that a deal on a UN plan to unblock Ukrainian grain exports in midst of  war and allow Russia to ship grain and fertilisers will be inked on July 22 in Istanbul.

"At first stage, it is assumed that thanks to agreement to be signed today in Istanbul, ships with food that have been blocked in Ukrainian ports will be unblocked. re are approximately 80 of m. According to our estimates, this will allow delivering to world markets in coming weeks after launch of this mechanism markets of about 25 million tons of grain," TASS reported quoting a source acquainted with negotiations.

TASS media agency reported citing source that one of most essential components of grain corridor agreement was security guarantees for dry cargo ships so that y could freely leave Ukrainian ports. media agency furr reported that  deal on sale of Ukrainian grain across Black Sea does not include military escort of cargo ships, but parties agree not to attack m.

"Safe corridors are being created from Odessa and two more Ukrainian ports," said source, TASS reported.

Russia-Ukraine Grain Corridor Agreement

office of Turkish President Recep Tayyip Erdogan announced that signing ceremony will be presided over by him, UN Secretary General Antonio Guterres, and representatives from Russia and Ukraine. Guterres has been working on a proposal to allow Ukraine to export millions of tonnes of grain stocks that have been trapped in Ukraine's Black Sea ports owing to war. At least 22 million tonnes of grain are stranded in Ukraine, due to ongoing war.

parties met in Istanbul last week and reached a provisional agreement on idea. According to Turkish officials, plant would include joint controls of ships as y leave and arrive at Black Sea ports, as well as a mechanism to assure safety of transfer routes, AP reported.

(With agency inputs)

Image: AP