The Wall Street Journal reports that one of the only significant diplomatic breakthroughs in the Ukraine war—a grain-export deal that helped lower global food prices—is under fresh pressure. Russian officials warn they are unhappy with the terms, raising the threat that Moscow could use it in its widening economic war with the West.
Russian President Vladimir Putin threatened to pull out of the deal last week, saying the West had taken advantage of the grain corridor at the expense of the developing world. The threat temporarily boosted wheat prices, which have been easing in recent weeks in part because of the deal’s effectiveness in getting large amounts of Ukrainian grain to world markets.
Russian officials have also complained that parts of the agreement, that were intended to help Russia sell its fertilizer and other agricultural products amid sanctions, weren’t having much effect.
Source: WSJ Link