The UN-brokered Black Sea Initiative, aimed at ensuring the flow of grain, foodstuffs and fertilizer amid global shortages exacerbated by the war in Ukraine, has now allowed the safe export of more than 30 million tons.
That was the message conveyed by the UN Humanitarian Affairs chief Martin Griffiths to a meeting held in Istanbul, to discuss the future of the Initiative, which remains fragile.
Senior officials from the signatories to the deal, Russia, and Ukraine, together with officials of the UN and Türkiye, which mediated the agreement, attended the meeting.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.