Russia has threatened to back out of an agreement that allows Ukraine to export ag products through the Black Sea.
Greg McBride with Allendale says Russian officials are frustrated with the Black Sea Grain Initiative and are calling for it to expire.
“They are not getting their needs met,” McBride said. “They are not being able to ship fertilizer and they are not getting the ability to ship grain through the Black Sea the way they would like to.”
The agreement has been extended multiple times since it was first brokered in July 2022.