India supports U.N. on Black Sea initiative

India supports U.N. on Black Sea initiative

• India has thrown its weight behind the United Nations’ efforts to continue the Black Sea Grain initiative and has called for a swift resolution to the impasse. The Black Sea Initiative holds significant importance for Ukraine’s agricultural sector, known as “Europe’s breadbasket,” which faces disruptions due to the Russian invasion in February 2022.

• Russia’s invasion of Ukraine in February 2022 disrupted the Black Sea trade route, historically responsible for 90% of Ukraine’s grain exports.

• This interference, coupled with other challenges like droughts and COVID-19 supply disruptions, put immense pressure on the global food supply, leading to fears of a potential hunger crisis and surging food prices.

• In response to the food crisis, Turkey and the UN mediated the Black Sea Grain Initiative in July 2022.

• The agreement allowed three Ukrainian Black Sea ports (Odesa, Chornomorsk, and Pivdennyi) to export commercial fertilizer and food.

• Teams from Ukraine, Russia, Turkey, and the UN were involved in inspecting ships leaving these ports, ensuring safe navigation through a predetermined path to Istanbul, avoiding minefields.

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Published date : 22 Jul 2023 06:02PM