MHMarkets：Turkish President urges responsible action by all parties in Ukraine's grain trade

MH Markets | 2022-07-26 17:33

Abstract：Turkish President Recep Tayyip Erdogan on Monday urged Russia and Ukraine to act responsibly and to abide by the agreement they signed in Istanbul last week on Ukrainian grain exports. Just a day after Kyiv and Moscow signed an agreement brokered by Turkey and the United Nations to allow shipments, and a Russian missile strike hit the southern Ukrainian port of Odessa, Erdogan said Istanbul had stepped up diplomatic efforts to avoid the attack. any consequences.

Turkish President Recep Tayyip Erdogan on Monday urged Russia and Ukraine to act responsibly and to abide by the agreement they signed in Istanbul last week on Ukrainian grain exports. Just a day after Kyiv and Moscow signed an agreement brokered by Turkey and the United Nations to allow shipments, and a Russian missile strike hit the southern Ukrainian port of Odessa, Erdogan said Istanbul had stepped up diplomatic efforts to avoid the attack. any consequences.

“We want everyone to sign the agreement and act according to their responsibilities,” he said in an interview with Turkey's state broadcaster TRT. We want everyone to avoid behavior that violates the spirit of the agreement, and it makes us sad that this happened. This kind of failure is bad for all of us. We are determined to implement the agreement and all its components, and our efforts in this regard continue.

In an interview with TRT, the Turkish president also reiterated that he will block Sweden and Finland from joining NATO if the Nordic countries do not comply with the agreement signed in Madrid in late June by Istanbul, Stockholm and Helsinki. The trilateral memorandum prompted Turkey to conditionally agree to its membership application, followed by Sweden and Finland's historic decision to formally apply to join NATO, ending decades of neutrality. Their bid now needs to be approved by parliaments and legislatures in all 30 member states.

Ankara has said Helsinki and Stockholm agreed not to provide support to the Kurdish People's Protection Units, also known as the YPG, and the separatist militant Kurdistan Workers' Party, also known as the PKK, both of which Turkey considers terrorist groups.

Erdogan said on Monday: What happened in Madrid was an invitation, not an approval. The outcome of the invitation will depend on their actions. If you continue to allow these terrorists to march on your streets with protection, then we will follow that. It's not just about Sweden and Finland; Germany, France, England, Italy, all Scandinavian countries are the same. I told their leaders about these things in bilateral talks.

Financial data and events to focus on today:

21:00 US May FHFA house price index monthly rate

21:00 The annual rate of S&P/CS 20 major cities in the United States in May

22:00 U.S. June new home sales total annualized

22:00 US July Conference Board Consumer Confidence Index

22:00 US July Richmond Fed Manufacturing Index

The next day 04:30 API crude oil inventories from the United States to the week of July 22

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