Using the Whole Whale - A Nonprofit Podcast
Business:Non-Profit
Nonprofitnewsfeed.com
Russia Pulls Out Of Black Sea Initiative Risking Global Grain Price & Supply Shock
The Black Sea grain export deal, which has facilitated the safe export of grain from Ukraine for the past year and played a significant role in easing a global food crisis, is set to expire after Russia announced it would suspend its participation, as reported by Reuters and other outlets. The United Nations-brokered deal has enabled Ukraine to export approximately 32 million metric tons of corn, wheat, and other grains amid the Russia-Ukraine conflict and the blockade of Ukraine's Black Sea ports. The end of this deal could have considerable ramifications for global grain prices, which had soared due to Russia's invasion in February 2022. A key Russian demand has been to reconnect the Russian Agricultural Bank to the SWIFT international payments system, which the EU had severed in June 2022 due to Russia's invasion. The Black Sea Grain Initiative, run by the Joint Coordination Centre in Istanbul, has seen over 32 million tonnes of food commodities exported from three Ukrainian Black Sea ports to 45 countries across three continents in the last year, significantly helping to reverse global food prices that had hit record highs shortly before the agreement's inception. Ukraine is a key supplier of grain on international markets and is relied on heavily by humanitarian organizations and NGOs, which had previously warned of dire consequences of a grain shortage for their operations.
Read more ➝
Summary
290: (news) Invasion of Ukraine Triggers Humanitarian Catastrophe
289: (news) DOJ Headaches & Public Benefit App
288: Fundraising Automations to Setup in Q1
287: (news) Nonprofits Prepare for Ukraine Evac & Volunteer Shortage
286: The Great U.S. Volunteer Shortage & CEO Transition at VolunteerMatch
285: (news) Don’t GoFundMe in Canada & Crisis at Textline Around Data Sharing
284: The Case for Crypto Donations - The Giving Block
282: (news) Nonprofits VS Spyware & National Blood Shortage
282: (news) NGO Capital for Capital Rioters & Red Cross Hack
281: (news) Thousands Serve on MLK Day & A Classy Acquisition
279: (news) PE Firm Acquires Nonprofit Tech & PEW 2021 Data
278: The Hidden Cost of COVID on Children Who Lose Parents
278: (news) Nonprofits Salary Struggles & Franklin A. Thomas Legacy
277: Predictions for Nonprofits in 2022
276: (news) log4j Nightmare Before Nonprofit Christmas & Jobs Report
275: (news) ‘Troll Philanthropy‘ and For-Profit Activism
274: The rise of remote fundraising through the pandemic with atlasGO
273: GivingTuesday up 9% & Clinton Foundation Down 75%
272: How much should nonprofits budget for ads? The Nonprofit Ad Study
271: (news) Beware #GivingTuesday scams & Toy inflation impact
Join Podbean Ads Marketplace and connect with engaged listeners.
Advertise Today
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Social Dallas Podcast
Advocacy Scoop Podcast
Change Church Podcast
The Biz of Nonprofit Consultants
Nonprofits Are Messy: Lessons in Leadership | Fundraising | Board Development | Communications