In a webinar hosted by the Northern Crops Institute, Cognitive Investments Director of Geopolitical Analysis Jacob Shapiro said there is still great uncertainty for the Black Sea Grain Initiative. “I have no insight about what is going to happen with the grain deal and I doubt anybody does unless they’re having breakfast with Vladmir Putin,” said Shapiro. While Ukraine pushes for a 12 month agreement, Russia continues to push back on even a 120-day extension. Russia’s inability to come to terms on this deal has bigger consequences. “When you go against the (Black Sea) Grain Initiative, you’re not just hurting Ukraine or the West, Russia is also hurting their standing with other countries.”
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