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7/22, 4:20 PM (Source: TeleTrader)
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Moscow, Kiev sign Black Sea Initiative on grain transportation

Russia and Ukraine signed Friday the UN initiative on global access to Ukrainian food products and Russian food and fertilize at a ceremony in Istanbul where Turkish President Recep Tayyip Erdogan and United Nations Secretary-General Antonio Guterres were present.

Guterres noted the importance of cooperation between all parties to achieve this significant step. He also celebrated how both sides, Ukraine and Russia, had succeeded in overcoming their particular interests to solve a global food crisis. "This is an agreement for the world," Guterres said.

On the other side, Erdogan stressed that the initiative is said to play a vital role in the globe, "preventing the danger of hunger" in the midst of soaring food prices. He mentioned the foreign affairs ministers contributed to the draft's success and thanked Ukrainian President Volodymyr Zelensky and his Russian counterpart Vladimir Putin. "This joint step we are taking today will be a new step in renewing peace," Erdogan added.

Baha Breaking News (BBN) / JG