MOSCOW: Russian President Putin said on Wednesday that “almost all” the Ukrainian grain shipped under a UNbacked deal to ease a global food crisis was reaching rich European nations and accused the West of deceiving developing countries. “Almost all the grain exported from Ukraine is sent not to the poorest developing countries, but to EU countries,” he said. Putin accused European countries of acting as “colonialists” and said they “onceagain simply deceived developing countries”.
“With this approach, the scale of food problems in the world will only grow,” Putin said. “Maybe we should think about limiting the export of grain and other produce along this route?” Putin asked. The July agreement brokered with the help of Turkey is valid for 120 days and is up for renewal in November. Wheat futures climbed as much as 6.9% after Putin criticised the grain deal.