Russia-Ukraine grain deal extended in win for food prices

ANKARA, Turkey (AP) — A wartime agreement that unblocked grain shipments from Ukraine and helped temper rising global food prices will be extended by four months. The announcement Thursday (Nov. 17, 2022) from United Nations and other parties to the deal prevents a price shock to some of the world’s most vulnerable countries where many are struggling with hunger. Struck during Russia’s war in Ukraine, the initiative established a safe shipping corridor in the Black Sea and inspection procedures to address concerns that cargo vessels might carry weapons or launch attacks. The deal brokered by the U.N. and Turkey on July 22 was due to expire Saturday. Russia confirmed the extension but said it expected progress on removing obstacles to exporting its food and fertilizers.