THE IMPACT OF THE "GRAIN DEAL" ON GLOBAL FOOD COMMODITIES EXPORTS: NORTHERN BLACK SEA REGION CASE (ROMANIA, RUSSIA, UKRAINE)

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Published Nov 1, 2022

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Владислав Лукиан
Financial University under the Government of the Russian Federation

Abstract

The conflict in the neighboring state proved to be a significant barrier and shock for all global food markets. Commodity indexes and prices have been systematically breaking records. Threat of famine in the poorest African countries, as well as violation of food commodities import quota in the Maghreb and Arab states now pose another challenge to global security. Geopolitical tensions in the Northern Black Sea region (Romania, Russia, Ukraine) have greatly affected the usual course of commodities shipments within maritime supply chains, mainly of wheat and corn. As a subject of international law, the United Nations actively participated in resolving the food supply crisis with the mediation of Turkey. It also contributed to the signing of the so-called "grain deal" between the Russian Federation and the Ukraine. Has the "grain deal" affected economic development, export potential, logistics, and living in Russia, Romania, and the Ukraine?

Article Details

Issue
Vol 65 No 5 (2022): INTERNATIONAL AGRICULTURAL JOURNAL
Section
Agricultural economics and policies

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