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What's at stake when Turkey's leader meets Putin in a bid to reestablish the Black Sea grain deal

Turkish President Recep Tayyip Erdogan will meet with Vladimir Putin on Monday, hoping to persuade the Russian leader to rejoin the Black Sea grain deal that Moscow broke off from in July. The meeting in Sochi on Russia’s southern coast comes after weeks of speculation about when and where the two leaders might meet. Erdogan previously said that Putin would travel to Turkey in August. WHY DID RUSSIA LEAVE THE GRAIN DEAL? ....

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Ukraine Conflict Caused One of the 'Most Disruptive Periods' for Global Food Security: US Intel

Russia's invasion of Ukraine disrupts global food supply, increasing food insecurity. Report examines impact on prices, availability, and poorer nations ....

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Sanctions on Russian crude and diesel exports are failing

Price caps have been breached, discounts on Russian exports are dwindling, and more money is flowing to Russian coffers. The post Sanctions on Russian crude and diesel exports are failing appeared first on FreightWaves. ....

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Russian warship hit in Ukrainian naval drone attack, Ukrainian officials say

A major Russian sea port, Novorossiysk, faced an attack by Ukrainian sea drones Friday. Ukrainian officials said the strike, carried out by their navy, damaged a Russian naval ship, while Russian officials said they repelled the attack. Maritime traffic at the port paused for a few hours due to the Ukrainian strike. “Kyiv showed that… ....

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Russia says JPMorgan stops processing its grain payments

Russia said on Friday that U.S. bank JPMorgan had this week stopped processing payments for the Russian Agricultural Bank as Moscow demanded action, not promises, from Washington to help Russian grain and fertilizer reach global markets. Under a related pact - also brokered in July 2022 - U.N. officials agreed to help facilitate Russian food and fertilizer exports. U.S. Secretary of State Antony Blinken told reporters on Thursday that Washington would continue to do "whatever is necessary" to ensure Russia can freely export food if the Black Sea grain deal was revived. ....

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