Russia has announced that it is pulling out of a UN-brokered deal that ensured the security of Ukrainian grain exports through the Black Sea.
Monday's development once again raises fears about global food supplies and price increases.
The last ship to sail under the deal, Turkish-flagged TQ Samsun, reportedly left the Ukrainian port of Odesa Sunday morning and is heading out through the Bosphorus Strait, passing Istanbul, along an agreed corridor.
For comments and feedback contact: editorial@rttnews.com
Business 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.