"Signed in Istanbul in July 2022, the Black Sea Initiative (BSI) and the Memorandum of Understanding (MoU) aim to facilitate shipments of grain and fertilizers from the Russian Federation and Ukraine to world markets. These agreements remain a lifeline for global food security and they must continue," Dujarric said in a statement on Friday.
Grain and fertilizer exports via the Black Sea as well as other exports from Russia have resulted in a global food index price decrease of 22%.
Russia, Ukraine, Turkiye and the United Nations reached an agreement on July 22, 2022 to provide a safe humanitarian maritime corridor for vessels carrying food and fertilizer exports from Black Sea ports.