Within the context of the Black Sea Grain Initiative, the agreement foresees a renewal of 120 days but, in the present circumstances, the Secretary-General and his team are focused, in close contact with all the parties, on doing everything possible to ensure continuity of the Initiative.
 
Regarding the parallel Memorandum of Understanding focused on the export of Russian food and fertilizer, Rebeca Grynspan, the head of UNCTAD, and her team, as well as the Secretary-General himself have spared no efforts to facilitate that trade.
 
Meaningful progress has been made but it is true that some obstacles remain, notably with regard to payment systems. Our efforts to overcome those obstacles will continue unabated.
 
The agreement regarding the Black Sea Grain Initiative, alongside the MOU on the export of Russian food and fertilizer, are both critical for global food security, especially in developing countries.