Lebanon receives the first grain ship exported by Ukraine

Lebanon receives the first grain ship exported by Ukraine

Ahmed Shaaban, agencies (capitals)

Yesterday, Turkish, Russian and Ukrainian experts inspected the ship carrying the first shipment of grain exported by Ukraine since the Russian attack on February 24, before the ship “Razoni” continued its way from Turkey towards Lebanon.
The process of inspecting “Razzoni” took about an hour and a half. The ship then continued on its way, crossing the northern entrance to the Bosphorus in the early afternoon. This measure marked the end of a “trial phase” of the mechanisms for implementing the international agreement signed in July in Istanbul to contain the global food crisis, according to the Joint Coordination Center secretariat.
The secretariat revealed that “the inspection team was able to communicate with the ship’s crew and inquire about the approved route in the open humanitarian sea corridor in the Black Sea,” noting that “it is assumed that exports of millions of tons of wheat, corn and other grains from three Ukrainian ports will continue.”
The cargo ship “Razzoni”, flying the flag of Sierra Leone, appeared at the northern shores of Istanbul on the Black Sea yesterday, the day after it left the Ukrainian port of Odessa, heading to Tripoli in Lebanon, carrying 26,000 tons of corn.
A team of about 20 experts and UN delegates in orange rescue vests and helmets was commanded by Turkish Admiral Ozkan Altunbulak, head of the Joint Coordination Center that oversees exports, and retired US Navy admiral Fred Kenny. The ship was inspected at the request of Russia, which wants to ascertain the nature of the shipment.
Ukrainian Foreign Minister Dmytro Kuleba revealed that 16 other ships loaded with grain were “waiting their turn” to leave the main port of Odessa on the Black Sea, and before the crisis it secured sixty percent of the country’s port activity.
The agreement, signed by Russia and Ukraine on July 22, brokered by Turkey and sponsored by the United Nations, allows for the resumption of shipments to world markets of Ukrainian grain suspended since the Russian attack.
The document stipulates, in particular, the establishment of safe corridors to allow merchant ships to sail in the Black Sea and the export of between twenty and 25 million tons of grain.
“Let’s hope that all parties implement the agreements and that the mechanisms work effectively,” Kremlin spokesman Dmitry Peskov said.
A similar agreement was signed guaranteeing Russia at the same time the export of its agricultural products and fertilizers despite Western sanctions.
The two agreements are supposed to help alleviate the global food crisis caused by high food prices in some of the world’s poorest countries.
For their part, experts and analysts welcomed the start of implementation of the Istanbul Agreement between Russia and Ukraine; And the resumption of grain exports from Ukraine, with the sailing of the first ship.
They explained to Al-Ittihad that the implementation of this agreement will have positive effects on the whole world, as it helps to solve the global food crisis, and meet the world’s needs for grain, especially wheat and food commodities, stressing that the decline in wheat prices, which increased by more than 55%, is subject to The steadfastness of the Istanbul Agreement.
Islam Shaheen, a professor of political economy, considered that the agreement comes within the framework of resolving the global crisis affecting Ukraine, the European Union, America and the countries affected by food shortages, the high prices of food commodities, especially wheat and fertilizers, the high inflation that has reached unprecedented levels, and its impact on supply chains. and currency.
In a statement to Al-Ittihad, Shaheen considered that the European Union agreement has positive effects on supply chains and food prices, especially strategic commodities such as wheat.
Rashad Abdo, an economist and head of the Egyptian Forum for Economic and Strategic Studies, agreed with him, who stressed the importance of resuming the export of grain from Ukraine, pointing out that the prices of food commodities, especially wheat, have increased significantly during the past months due to the lack of supply resulting from the Ukrainian crisis, noting that The decline in prices is subject to the full implementation of the agreement.
He explained to Al-Ittihad that the resumption of Ukrainian grain exports would benefit the developing countries and the most needy peoples who were on the verge of starvation.
In the same context, Salah El-Din Fahmy, professor of economics at Al-Azhar University, expected that the start of the export of Ukrainian wheat would reduce the severity of the food crisis, especially in light of the decrease in cash reserves in central banks due to this crisis, pointing out that the agreement, which he described as historic, may be the beginning of a solution. Ukrainian crisis.
In addition, Khaled Al-Shafei, an economist and head of the Capital Center for Economic Studies, welcomed the entry into force of the agreement, stressing that Russia and Ukraine are indispensable as two world grain-producing countries.

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