Russia Ends Ukraine Grain Deal

• 3 min read
Russia Ends Ukraine Grain Deal

MARKET MOVERS

  • Russia ends Ukraine grain deal. Russia has pulled out of a deal to allow millions of tonnes of grain to leave Ukrainian ports and onto global markets. The price of grain shot up more than 7 percent after the news, and experts say it could lead to catastrophic consequences for poorer nations, many already facing acute food shortages. A lot of traders and analysts were not expecting Moscow to pull out before the deadline.

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