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June 28, 2022, 12:27 p.m. EDT

Italy’s Draghi details sea-corridors plan for Ukraine grain as Biden pledges backing for silos

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Associated Press

Italian Premier Mario Draghi says a U.N. plan to bring grain out of Ukraine via safe sea corridors could save as much as a month in emptying silos in time for the autumn harvest, since it doesn’t require demining ports.

Draghi said a briefing that G-7 leaders received from U.N. Secretary-General Antonio Guterres on the plan was “one of the most important” of the summit and was, “all in all, good news.”

But he said it requires Russia’s swift approval.

U.S. President Joe Biden was quoted as having pledged Washington’s backing, meanwhile, of the construction of temporary silos for Ukraine grain . He had first advocated a plan to support grain-silo construction at or near the Ukraine-Poland border earlier in June.

Draghi said Tuesday the key elements of the plan involve using existing safe corridors in and out of ports, ensuring cargo ships are protected by the U.N. from possible Russian attacks, and that the ships are then inspected to prevent weapons from arriving. Draghi said Putin had insisted on this.

He said Russia had in principle accepted the three-part involvement in the project of Ukraine, Turkey and the U.N.

MarketWatch contributed.

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