Part 3/11:
The Grain Deal and Its Geopolitical Stakes
Prior to the summit, Russia had exited the Black Sea grain initiative—a rare compromise that allowed Ukraine to export millions of tons of grain despite ongoing conflict. Putin’s decision to end that deal has had significant repercussions on global food prices, which surged over five percent following the cancellation, exacerbating food insecurity worldwide.
Analysts interpret Putin’s actions as strategic retaliation against NATO's efforts aimed at regime change in Russia. By suspending the grain deal, Russia positions itself as a benefactor to African nations—offering vital grain supplies at no cost while positioning Europe and the West as unreliable and disconnected.