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.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.