Russia recently pulled out of the Black Sea Grain Deal, which was launched to mitigate food inflation caused by conflict in Ukraine.

• The Black Sea Grain Initiative was an agreement between Russia and Ukraine with Turkey and the United Nations. It sought to create a safe passage of food grains exported from Ukraine, which is currently in war with Russia.
• Under this agreement, export of grain, food and fertilizers will be allowed to resume from Ukraine via a “safe maritime humanitarian corridor” from three key Ukrainian ports i.e., Chornomorsk, Odesa, and Yuzhny/Pivdennyi.
• A Joint Coordination Centre (JCC) having representatives from signatories of the Black Sea Grain Initiative was set up to implement this deal.