Grain Corridor Agreement and Turkey’s Role in the Russia- Ukraine WarGrain Corridor Agreement • June 30th, 2023
Contract Type FiledJune 30th, 2023On the morning of February 24, 2022, when the Russian military entered Ukraine and launched air and missile raids on the targets it detected in the depths of this country, a war started in the east of Europe. As a result of the war between two of the world’s largest grain producers, a global grain crisis is taking place. Turkey has long sought to emphasize connectivity and strengthen its strategic position at the intercontinental crossroads between Europe and Asia. Functionally, Turkey serves as a vital transit corridor for key resources such as energy and food supplies, which becomes even more important given the economic and trade disruptions of Russia’s war in Ukraine. This study analyzed Turkey’s diplomatic efforts and policies during the war and the food deal process.
Grain Corridor Agreement Offers Potential for More Ukraine ExportsGrain Corridor Agreement • August 12th, 2022
Contract Type FiledAugust 12th, 2022On July 22, 2022, delegations from Ukraine, Turkey, Russia, and the United Nations signed an agreement to provide safe passage for grains from select Ukrainian ports (Odesa, Chornomorsk, Pyvdenny), offering a potential corridor for movement of Ukrainian grain through the Black Sea. This is welcome news for global importers as the expansion of Ukraine’s export capacity for corn, barley, and wheat may ease the pressure of high global commodity prices. The benefits for Ukraine are numerous, not least of which is the stimulation of the economy and influx of funds. For Ukrainian producers and exporters, the ability to ship stored grain at the ports that would otherwise be sitting idle, based on the current pace of exports, is significant. Few grain silos in Ukraine are equipped with the aeration systems essential for long-term storage, putting farmers and exporters at risk of losing a significant share of their commodities, and in turn, the capital required for planting next season. While t