Grain deal to be extended by 60 days, decision may be announced by Erdogan | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • 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

Sunday
July 13, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • 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
SUNDAY, JULY 13, 2025
Grain deal to be extended by 60 days, decision may be announced by Erdogan

Global Economy

BSS/AFP
12 May, 2023, 11:25 am
Last modified: 12 May, 2023, 11:47 am

Related News

  • Turkey blocks X's Grok chatbot for alleged insults to Erdogan
  • US envoy expects Trump, Erdogan to resolve arms sanctions on Turkey this year: Anadolu
  • Erdogan tells Sharaa Turkey welcomes lifting of Syria sanctions
  • Erdogan slams protests over jailing of Istanbul mayor as 'movement of violence'
  • Turkey wants more than 700 X accounts blocked: platform

Grain deal to be extended by 60 days, decision may be announced by Erdogan

BSS/AFP
12 May, 2023, 11:25 am
Last modified: 12 May, 2023, 11:47 am
Corn sits at a grain storage in a farm, in Timar, Hungary, April 19, 2023. REUTERS/Bernadett Szabo
Corn sits at a grain storage in a farm, in Timar, Hungary, April 19, 2023. REUTERS/Bernadett Szabo

The grain deal, which expires on May 18, will be extended by 60 days, the corresponding decision may be first to be announced by Turkish President Tayyip Erdogan, a source familiar with the negotiation process told TASS.

"The deal, I think, will be extended for 60 days, but Russia may agree to this for the last time. The decision to prolong "traditionally" may be announced by Turkish President Tayyip Erdogan after a telephone conversation with his Russian counterpart [Vladimir Putin]," the source said. The source did not rule out that the decision can be announced "today or tomorrow".

However, the source called the possibility of extending the deal a "gesture from Russia" in the hope that its demands, enshrined in the Istanbul memorandum of 22 July last year, would be taken into account.

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

Following the talks in Istanbul between the delegations of Russia, Turkey, Ukraine and the UN, Russian Deputy Foreign Minister Sergey Vershinin told reporters that the Russian part of the agreements would cease to operate if Moscow did not receive guarantees that their demands would be met by 18 May. They concern the export of agricultural products and fertilizers, the reconnection of the Russian Agricultural Bank to the SWIFT system, and a number of other issues.

Agreements to enable the export of food and fertilizers to world markets were signed on J22 uly 2022 in Istanbul. They were originally meant to last 120 days and were extended for another 120 days in November.

 Russia announced on March 18 that the deal was extended for another 60 days, saying this would be enough time to assess the effectiveness of the memorandum signed with the UN.

 Moscow has said repeatedly that any further extension of the deal hinges on whether the Russian part of the deal is implemented. The lack of progress in this issue jeopardizes the future of the entire initiative.

On 10-11 May representatives of Russia, Turkey, Ukraine and the UN met in Istanbul to discuss a potential extension of the grain deal and the implementation of the Russian part of the agreement for supplies of grain and fertilizers. The security of the Black Sea grain corridor was also on the agenda.

Top News / World+Biz / Europe

Grain deal / Tayyip Erdogan

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

  • Screengrab blurred
    Mitford murder sparks political storm as BNP on backfoot, Jamaat and others pounce
  • Representational image
    Some issues remain unresolved despite progress in 2nd round of US tariff talks: Press Minister Mortoza
  • US President Donald Trump gestures to the US flag flying on a new flagpole after stepping off Marine One returning from New Jersey at the White House in Washington, DC, US, 6 July 2025. Photo: Reuters
    Trump intensifies trade war with 30% tariffs on EU and Mexico

MOST VIEWED

  • Representational image
    In addition to 35% tariff, US demands 40% local value addition for 'Made in Bangladesh' goods
  • RAB Director General AKM Shahidur Rahman speaks at the press briefing on a fake bomb threat on Biman Bangladesh flight on Saturday, 12 July 2025. Photo: TBS
    Mother faked bomb threat on Biman flight to stop married son from flying with girlfriend: RAB
  • Screengrab blurred
    Killers bash in head of man with rock, stomp body with perverse pleasure
  • Photo: UNB
    Saima Wazed Putul ‘placed on indefinite leave’ from WHO role amid corruption allegations
  • How tender rules and a lone bidder stall a $2.5b power plant
    How tender rules and a lone bidder stall a $2.5b power plant
  • Bangladesh and US hold tariff talks on 11 July 2025. Photo: CA Press Wing
    Dhaka, Washington yet to agree on 20% of US tariff conditions: BGMEA

Related News

  • Turkey blocks X's Grok chatbot for alleged insults to Erdogan
  • US envoy expects Trump, Erdogan to resolve arms sanctions on Turkey this year: Anadolu
  • Erdogan tells Sharaa Turkey welcomes lifting of Syria sanctions
  • Erdogan slams protests over jailing of Istanbul mayor as 'movement of violence'
  • Turkey wants more than 700 X accounts blocked: platform

Features

The 2020 Harrier's Porsche Cayenne coupe-like rear roofline, integrated LED lighting with the Modellista special bodykit all around, and a swanky front grille scream OEM Plus for the sophisticated enthusiast looking for a bigger family car that isn’t boring. PHOTO: Ahbaar Mohammad

2020 Toyota Harrier Hybrid: The Japanese Macan

7h | Wheels
The showroom was launched through a lavish event held there, and in attendance were DHS Motors’ Managing Director Nafees Khundker, CEO Imran Zaman Khan, and GMs Arman Rashid and Farhan Samad. PHOTO: Akif Hamid

GAC inaugurate flagship showroom in Dhaka

7h | Wheels
After India's visa restriction, China's Kunming is drawing Bangladeshi patients

After India's visa restriction, China's Kunming is drawing Bangladeshi patients

1d | Panorama
Photo: Collected/BBC

What Hitler’s tariff policy misfire can teach the modern world

2d | The Big Picture

More Videos from TBS

Why is there a mystery surrounding the death of 'Jalibi' actress Humaira?

Why is there a mystery surrounding the death of 'Jalibi' actress Humaira?

Now | TBS World
Why cockpit audio deepens the mystery of Air India crash

Why cockpit audio deepens the mystery of Air India crash

32m | Others
Housing officer shot in Pallavi for not paying bribe

Housing officer shot in Pallavi for not paying bribe

1h | TBS Today
BNP does not protect criminals like Sheikh Hasina: Rizvi

BNP does not protect criminals like Sheikh Hasina: Rizvi

1h | TBS Today
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