Ukraine says the grain deal will be extended for another 120 days

According to Ukraine, a United Nations-brokered agreement allowing Ukrainian grain exports from the Black Sea will be extended for 120 days.

Black Sea grain initiative came into effect in July, following warnings that a halt in Ukrainian exports could lead to severe global food shortages and famine. It was negotiated by Turkey and the UN and signed for a period of 120 days, which will expire on Saturday.

The agreement provides for an automatic extension of 120 days unless one of the parties decides to withdraw or modify it. Infrastructure Minister Oleksandr Kubrakov announced on social media that the decision was made recently in Istanbul, where talks were taking place.