Ukraine Recap: Turkish Officials Say Grain Deal Will Be Extended

Russia is close to agreeing an extension of the Black Sea grain agreement that would ensure shipments from Ukraine, according to Turkish officials with knowledge of the talks. Wheat prices fell.

(Bloomberg) — Russia is close to agreeing an extension of the Black Sea grain agreement that would ensure shipments from Ukraine, according to Turkish officials with knowledge of the talks. Wheat prices fell.

China stepped up diplomatic efforts over the war with President Xi Jinping’s envoy reported to be in Ukraine as part of a European trip. The foray took place ahead of a Group of Seven summit in Japan, where Russia’s invasion will be at the center of discussions.

In Ukraine, Russian missiles struck the southern city of Mykolaiv, damaging a shopping center and residential buildings. Ukrainian forces also advanced in the suburbs around Bakhmut in the east as Russian troops pressed forward inside the city.

Latest coverage

Turkish Officials: Parties Nearing Ukraine Grain Deal Extension
Germany Sees End in Sight for Putin’s ‘Imperialism’ in Russia
Russia Steals Oil Market Share in Asia From Energy Allies
Ukraine Nears Its D-Day in the War With Russia: Balance of Power

Markets

Coming Up

Wed: Special Representative of the Chinese Government on Eurasian Affairs, Li Hui, expected in Kyiv
Thurs: Russia has threatened to exit a pact that allows the export of Ukrainian grain
Fri: Start of Group of Seven meeting in Hiroshima, Japan; China’s Li Hui expected in Warsaw

More stories like this are available on bloomberg.com