SVE NEWS & CNBC Sharing Series — EU seeks to release Ukrainian grain stuck due to Russia’s sea blockade

European Union foreign ministers will discuss ways to free millions of tonnes of grain stuck in Ukraine due to Russia’s Black Sea port blockade at a meeting in Luxembourg on Monday.
The EU supports efforts by the United Nations to broker a deal to resume Ukraine’s sea exports in return for facilitating Russian food and fertilizer exports, but that would need Moscow’s green light.
Ears of wheat are seen in a field near the village of Zhovtneve, Ukraine.
Valentyn Ogirenko | Reuters

 it is ready to take up a role within an “observation mechanism” based in Istanbul if there is a deal.

It is unclear if the EU would get involved in militarily securing such a deal.

“Whether there will be a need in the future for escorting these commercial ships, that’s a question mark and I don’t think we are there yet,” an EU official said.

Meanwhile, talks among EU member states on a new package of sanctions against Russia are continuing, according to the EU official who signaled that fresh measures are not imminent.

The existing sanctions are already extensive and there is not much scope for agreement to impose sanctions on Russia’s gas exports to the EU, the official said.

Reuters

Sources from: CNBC

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