Russia's exit from Black Sea grain deal will drive up food prices

Russia's exit from Black Sea grain deal will drive up food prices | Europe In: 60 | GZERO Media

Carl Bildt, former prime minister of Sweden, shares his perspective on European politics.

What are the consequences of Russia exiting the Black Sea grain deal?

Severe, no question about that. It is obvious that Russia intends to completely stop all Ukraine grain exports over the Black Sea anyhow, as far as they can. It's not only exiting the agreement, it's also sustained attacks against the grain export terminals in Ukraine, and also those very close to the border with Romania. Upward pressure on global food prices, no question about that, that's going to be the consequences, and Russia is responsible.

How is the Ukrainian counteroffensive going?

Well, it's a hard slog. These areas have been extensively fortified and mined by the Russians, and we should also be aware of the fact that the Ukrainian army and the Russian army today is a different army. There's a lot of mobilized people, they have training for just some months. So I think it is going to take some time. So give it a month, or somewhat more than that, and we can make a more accurate assessment of how far they can achieve.

More from GZERO Media

TITLE PLACEHOLDER | GZERO US Politics

Campus protests are a major story this week over the Israeli operation in Gaza and the Biden administration's support for it. These are leading to accusations of anti-Semitism on college campuses, and things like canceling college graduation ceremonies at several schools. Will this be an issue of the November elections?

The view Thursday night from inside the Columbia University campus gate at 116th Street and Amsterdam in New York City.
Alex Kliment

An agreement late Thursday night to continue talking, disagreeing, and protesting – without divesting or policing – came in stark contrast to the images of hundreds of students and professors being arrested on several other US college campuses on Thursday.

U.S. President Donald Trump speaks with Judge Amy Coney Barrett after she was sworn in as an associate justice of the U.S. Supreme Court on the South Lawn of the White House in Washington, U.S. October 26, 2020.
REUTERS/Jonathan Ernst

Some of the conservative justices (three of whom were appointed by Trump) expressed concern that allowing former presidents to be criminally prosecuted could present a burden to future commanders-in-chief.

A Palestinian woman inspects a house that was destroyed after an Israeli airstrike in Rafah, April 24, 2024.
Abed Rahim Khatib/Reuters

“We are afraid of what will happen in Rafah. The level of alert is very high,” Ibrahim Khraishi, the Palestinian ambassador to the United Nations, said Thursday.

Haiti's new interim Prime Minister Michel Patrick Boisvert holds a glass with a drink after a transitional council took power with the aim of returning stability to the country, where gang violence has caused chaos and misery, on the outskirts of Port-au-Prince, Haiti April 25, 2024.
REUTERS/Pedro Valtierra

Haiti’s Prime Minister Ariel Henry formally resigned on Thursday as a new transitional body charged with forming the country’s next government was sworn in.

U.S. Secretary of State Antony Blinken arrives at the Beijing Capital International Airport, in Beijing, China, April 25, 2024.
Mark Schiefelbein/Pool via REUTERS

US Secretary of State Antony Blinken brought up concerns over China's support for Russia with his counterpart Wang Yi in Beijing on Friday, before meeting with Chinese President Xi Jinping.

Flags from across the divide wave in the air over protests at Columbia University on Thursday, April 25, 2024.
Alex Kliment

Of the many complex, painful issues contributing to the tension stemming from the Oct. 7 Hamas massacre and the ongoing Israeli attacks in Gaza, dividing groups into two basic camps, pro-Israel and pro-Palestine, is only making this worse. GZERO Publisher Evan Solomon explains the need to solve this category problem.

Paige Fusco

Haiti, the poorest country in the Western Hemisphere, has been engulfed in violent gang warfare and without a leader since its former prime minister, Ariel Henry, was barred reentry to the country on March 12.

Nashville Predators defenseman Ryan McDonagh (27) stick checks Vancouver Canucks forward Brock Boeser (6) during the third period in game two of the first round of the 2024 Stanley Cup Playoffs at Rogers Arena.
Bob Frid/Reuters

For the past 31 years of hockey folly, Canadian fans have greeted the NHL playoffs by telling anyone who will listen that “this year is different.”