EU and Ukraine reject Black Sea deal.

 DEAL WOULD HAVE LOWERED FOOD PRICES WORLD WIDE

EXPECT U.S. TO WITHDRAW UKRAINE SUPPORT

A proposed Black sea ceasefire deal that would have allowed the export of both Ukrainian and Russia grain and Russian fertilizer back into the world market, is being rejected by Ukraine and the EU., they both insist that pressure must be maintained against Russia. 

The deal would have restricted Russian war ships to the eastern part of the Black sea and would have protected shipping in the Black sea for all those concerned. Ukraine would have reaped financial benefits from being able to sell grain on the world market and fertilizer exports would have dramatically lowered the cost of food production world wide.

If they continue to refuse to accept this deal, it can be expected that the U.S. will cut off military aid to Ukraine. The continuing of this conflict, which it is widely acknowledged will not be settled in Ukraine's favour, is having serious financial consequences for the rest of the world, including the EU and the United States.

One of the main reasons for high food prices in the United States is the tripling of fertilizer prices in the country when Russian fertilizer was sanctioned in an effort to pressure Russia. Coupled with the fact that much of the east coasts diesel fuel was also an export from Russia, the combination has raised the cost of food production in the western world.

Food and energy prices in the EU are even higher and contributing to a loss of economic prosperity, yet it seems the EU is willing to sacrifice its own future in this failed effort to defeat Russia. They have rejected every deal both before the onset of the current conflict and in the early stages. The situation continues to deteriorate for both Ukraine and the EU and is affecting prosperity in much of the world.

We can expect consequences for the rejection of this deal.