Wheat, Russia has extended agreement for another 60 days

Russian Deputy Foreign Minister Alexander Grushko announced that the July 2022 grain deal was extended by another 60 days. "This is on the condition that all the promises to lift sanctions on agricultural products made to Russia by the counterparties are respected," he told reporters this morning.

"Our Deputy Minister Sergey Vershinin said yesterday that the agreement has indeed been extended, it was agreed that it would be extended for 60 days. Its nature as a package has been reaffirmed on the condition that all promises made to Russia regarding this are fulfilled. to the implementation of the second rail, i.e. the lifting of all sanctions, direct and indirect, for the supply of Russian agricultural products to international global markets,” Grushko said. The UN-brokered grain export deal, originally set to expire on November 19, 2022, had been renewed for an additional 120 days until March 18, 2023, unless extended again.