Egypt pins hopes on Russia-Ukraine grain agreement
Egypt, especially hit hard by the global food crisis resulting form the Russia-Ukraine war, is hoping for relief via the Black Sea Grain Initiative.
CAIRO — Egypt is pinning high hopes on the Russian-Ukrainian deal sponsored by Turkey and the United Nations on July 22, to unblock Ukraine’s Black Sea grain exports after nearly five months of fighting that halted exports. Cairo hopes the landmark deal would allow it to resume its wheat imports. The deal will allow shipments held up in Ukrainian ports to head to various countries around the world, including Egypt.
In a televised statement to Sada al-Balad channel July 27, Egyptian Minister of Supply and Internal Trade Ali al-Moselhi described the deal as a “glimmer of hope.”
