Turkey's Erdogan says Black Sea grain deal can be revived soon following talks with Putin
CNBC 2023-09-05 19:39:34 • 3 mins
Key Points
- Turkish President Recep Tayyip Erdogan said Russian President Vladimir Putin is considering a resolution to the suspended Black Sea Grain Initiative.
- Putin said that he was ready to "consider the possibility of reviving the grain deal" provided that Russian agricultural products are "fully implemented" in the new agreement.
- Under the Black Sea Grain Initiative, more than1,000 ships carrying nearly 33 million metric tons of Ukrainian agricultural products.
WASHINGTONTurkish President Recep Tayyip Erdogan said following a meeting with Russian President Vladimir Putin on Monday that a resolution to the suspended Black Sea Grain Initiative can be reached "in a short time."
The deal which was brokered between Turkey, the United Nations, Ukraine and Russia in July 2022 helped ease the Kremlin's naval blockade in the Black Sea and established a humanitarian corridor for agricultural exports.
"We believe that we will reach a solution that will meet the expectations in a short time," Erdogan said during a press briefing in Sochi, a resort town on the Black Sea, according to a Reuters report.
