Open figure viewer
Significance
Support for Ukraine among its closest neighbours has been strained by the diversion of Ukrainian grain to local markets, depressing prices for domestic producers. This has been compounded by Russia's decision to pull out of the deal allowing for the export of Ukrainian grain via the Black Sea. Poland, Slovakia and Hungary have broken with EU policy on grain exports.
Impacts
Ukrainian attacks on Russian naval assets, to increase the scope for grain exports, are likely to rise.
The United States pledged financial assistance to open alternative routes for Ukrainian grain.
Unless Ukraine can restore ties with its eastern EU partners, grain prices will face upward pressure.
Keywords:
Ukraine,
EU,
RUCIS,
Bulgaria,
Poland,
Romania,
Russia,
Slovakia,
Turkey,
economy,
international relations,
agriculture,
aid,
election,
foreign policy,
foreign trade,
government,
invasion,
policy,
sanctions,
shipping,
transport,
Agribusiness
© Oxford Analytica 2023. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2023
You do not currently have access to this content.
