Russian Federation

The renewal of the UN-backed initiative is vital to continuing to drive global food prices down and ensuring food security worldwide, especially in developing countries.

By renewing the Black Sea Grain Initiative, ending trade restrictions, facilitating exports and managing demand, we can get food, fertilizers and energy to all.

UNCTAD’s rapid assessment of the war’s impact on trade and development shows a rapidly worsening outlook for the world economy, with the situation especially alarming for African and least developed countries.