![A tractor is seen at the farm in Buczyna, Poland on April 25, 2023. Polish farmers protest as some Ukrainian grain and other products stay in the country during transport abroad [Jakub Porzycki - Anadolu Agency]](https://i0.wp.com/d2.middleeastmonitor.com/wp-content/uploads/2023/04/AA-20230426-30963266-30963262-POLISH_FARMERS_PROTEST_UKRAINE_GRAIN_IMPORTS.jpg?fit=920%2C613&ssl=1)
A cargo insurance facility providing cover for Ukraine grain shipments via a safe sea corridor has been suspended after Russia quit the United Nations-backed agreement, broker Marsh said on Tuesday.
Moscow has withdrawn from the year-old grain export deal in a move the United Nations said risked creating hunger around the world, Reuters reports.
The marine cargo and war facility provided cover up to $50 million per cargo and was led by Lloyd’s of London insurer, Ascot, together with other underwriters.
“It is currently on pause; it is suspended effectively due to the agreement not being extended,” said David Roe, head of UK cargo at Marsh, which acted as the facility’s broker.
READ: Insurers reviewing Black Sea ship cover after Russia quits deal