GZERO Europe

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.