With grain deal in focus, Putin to meet Erdogan in Russia | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
May 13, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, MAY 13, 2025
With grain deal in focus, Putin to meet Erdogan in Russia

Global Economy

Reuters
04 September, 2023, 12:15 pm
Last modified: 04 September, 2023, 01:19 pm

Related News

  • Zelenskiy tells Putin to come to Turkey if he wants talks, after Trump intervention
  • Putin proposes direct peace talks with Ukraine after three years of war
  • Putin greets China's Xi at Kremlin
  • Russia says last Ukrainian troops expelled from Kursk region, Kyiv denies assertion
  • Putin says he is open to direct peace talks with Ukraine

With grain deal in focus, Putin to meet Erdogan in Russia

Reuters
04 September, 2023, 12:15 pm
Last modified: 04 September, 2023, 01:19 pm
Russian President Vladimir Putin and Turkish President Tayyip Erdogan shake hands during a news conference following their talks in Moscow, Russia March 5, 2020. Pavel Golovkin/Pool via REUTERS
Russian President Vladimir Putin and Turkish President Tayyip Erdogan shake hands during a news conference following their talks in Moscow, Russia March 5, 2020. Pavel Golovkin/Pool via REUTERS

Turkish President Tayyip Erdogan will try to convince Kremlin chief Vladimir Putin to return to a Ukraine grain export deal that helped ease a global food crisis, when the two leaders meet in Russia's Black Sea resort of Sochi on Monday.

Russia quit the deal in July - a year after it was brokered by the United Nations and Turkey - complaining that its own food and fertiliser exports faced obstacles and that not enough Ukrainian grain was going to countries in need.

Kremlin spokesman Dmitry Peskov said that the talks with Erdogan, who previously played a significant role in convincing Putin to stick with the deal, would take place in the middle of the day, Moscow time.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"We play a leading role here," Erdogan's chief foreign policy and security advisor Akif Cagatay Kilic said in an interview on A Haber television channel.

"The current status (of the grain deal) will be discussed at the summit on Monday. We are cautious, but we hope to achieve success," Kilic said.

The deal was aimed at getting grain from Ukraine to world markets through the Black Sea and easing a global food crisis that the United Nations said had been worsened by Russia's full-scale invasion of Ukraine in February last year.

Russia and Ukraine are two of the world's key agricultural producers, and major players in the wheat, barley, maize, rapeseed, rapeseed oil, sunflower seed and sunflower oil markets.

Putin has repeatedly said the West was to blame for Russia leaving the deal because it had failed to implement a separate memorandum agreed with the United Nations.

But Putin has also said Russia could return to the grain deal if the West fulfils its side of the deal.

Russia strikes Ukraine grain exporting port ahead of Putin-Erdogan talks

UN PROPOSAL

UN Secretary-General António Guterres said on Thursday that he had sent Russian Foreign Minister Sergei Lavrov "a set of concrete proposals" aimed at reviving the deal.

To convince Russia to approve the original deal a three-year accord was struck at the same time under which UN officials agreed to help it with its own food and fertiliser exports.

One of Moscow's main demands is for the Russian Agricultural Bank to be reconnected to the SWIFT international payments system. The EU cut it off in June 2022.

Russia, though, wants implementation. Russian foreign ministry spokeswoman, Maria Zakharova, said on Saturday that things that were implied had not been implemented last time. In its report on the Erdogan meeting, Russian state television said the promises made to Russia must be implemented.

Russia has also been discussing a Putin initiative to supply up to 1 million tonnes of Russian grain to Turkey at reduced prices for subsequent processing at Turkish plants and shipping to countries most in need.

For Russia, Erdogan is a key broker - and one respected personally by Putin. It is their first in-person meeting since October.

Ahead of Monday's meeting, US wheat prices closed lower on Friday as markets weighed tight global stocks against the prospect of hefty Russian wheat production and efforts to renew a Black Sea grain deal.

Ukrainian officials, meanwhile, said Russia launched an overnight air attack on one of Ukraine's major grain exporting ports.

Top News / World+Biz

Vladimir Putin / Recep Tayyip Erdoğan / Russia-Turkey Talks / Grain deal

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Representational image. Photo: Collected
    World Bank signals $500m budget support for Bangladesh amid IMF uncertainty
  • EC Secretary Akhtar Ahmed holds a press briefing at the EC office in Agargaon, Dhaka on 12 May 2025. Photo: TBS
    EC suspends banned AL's registration, disqualifies for JS elections
  • Office of Dhaka Stock Exchange. File Photo: TBS
    Stocks see slight uptick after CA’s meeting 

MOST VIEWED

  • Food, fertilisers, raw materials: NBR plans advance tax on 200 duty-free imports
    Food, fertilisers, raw materials: NBR plans advance tax on 200 duty-free imports
  • Representational image. Photo: Collected
    Cyclone ‘Shakti’ likely to form in Bay of Bengal between 23–28 May, warns meteorologist
  • A view of the state-owned Intercontinental Hotel in Dhaka, illuminated in the evening. The photo was taken on Sunday. Photo: Rajib Dhar/TBS
    InterContinental seeks Tk900cr govt-backed loan to recover from losses
  • Illustration: TBS
    Awami League, all its affiliates now officially banned
  • Regulator rejects govt bid to take over Tk1,500cre investor funds
    Regulator rejects govt bid to take over Tk1,500cre investor funds
  • Minimum Tk10,000 can be invested in 6th govt Sukuk
    Minimum Tk10,000 can be invested in 6th govt Sukuk

Related News

  • Zelenskiy tells Putin to come to Turkey if he wants talks, after Trump intervention
  • Putin proposes direct peace talks with Ukraine after three years of war
  • Putin greets China's Xi at Kremlin
  • Russia says last Ukrainian troops expelled from Kursk region, Kyiv denies assertion
  • Putin says he is open to direct peace talks with Ukraine

Features

Stryker was released three months ago, with an exclusive deal with Foodpanda. Photo: Courtesy

Steve Long’s journey from German YouTuber to Bangladeshi entrepreneur

8h | Panorama
Photo: Courtesy

No drill, no fuss: Srijani’s Smart Fit Lampshades for any space

1d | Brands
Photo: Collected

Bathroom glow-up: 5 easy ways to upgrade your washroom aesthetic

1d | Brands
The design language of the fourth generation Velfire is more mature than the rather angular, maximalist approach of the last generation. PHOTO: Arfin Kazi

2025 Toyota Vellfire: The Japanese land yacht

2d | Wheels

More Videos from TBS

Crisis in the Construction of Icebreaker Ships: Extreme Weakness of the United States in the Maritime Industry

Crisis in the Construction of Icebreaker Ships: Extreme Weakness of the United States in the Maritime Industry

5h | Others
Students sing the national anthem in unison in front of the Raju sculpture

Students sing the national anthem in unison in front of the Raju sculpture

5h | TBS Today
Vikram Mishri faces fire after declaring ceasefire

Vikram Mishri faces fire after declaring ceasefire

6h | TBS World
US-China 90-day deal changes stock markets

US-China 90-day deal changes stock markets

7h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net