Business Matters

Russia pulls out of grain deal

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Synopsis

Moscow notified the UN, Turkey and Ukraine on Monday that it would not renew the Black Sea grain initiative, accusing the West of not keeping its side of the bargain. The decision has been condemned by world leaders including the Secretary-General of the United Nations, António Guterres and the US Secretary of State, Antony Blinken. (A farmer holds grains in pictured July 16, 2023. Source: Getty Images)