Will the United Nations Succeed in Saving the Grain Agreement?

Two sources reported that JPMorgan Chase & Co. may undertake 40 additional transactions for Russian grain export payments as the United Nations seeks to rescue an agreement that allows for the safe export of Ukrainian grain from Black Sea ports. Moscow threatened to withdraw from the agreement on May 18. Russia indicated that unless a list of its demands to remove obstacles to its grain and fertilizer exports is met, it will not agree to extend the grain export agreement through Black Sea ports. The United Nations states that the agreement helps address the global food crisis exacerbated by the Ukraine war. Talks between Russia and the United Nations regarding the agreement are expected to take place in Moscow next Friday.