Russia’s decision not to extend the Black Sea grain deal has halted the export of Ukrainian grain worldwide. The agreement, which facilitated the export of approximately 33 million metric tonnes of grain since its inception a year ago, is set to expire on Monday evening. The deal played a crucial role in stabilizing global food prices following Russia’s invasion of Ukraine. As two major agricultural producers, the impact of this decision is expected to be significant. UN Secretary General Antonio Guterres expressed concerns that millions of hungry people will suffer the consequences, while the White House stated that Russia’s suspension of the pact will worsen food security and harm millions.