USA: If there are no objections from the parties involved, a deal allowing the secure export of grain from Ukraine's Black Sea ports will be automatically extended after it expires on March 18 TASS, the state news agency of Russia, reported on Wednesday.

According to an unnamed source familiar with the specifics of the agreement's negotiations, TASS reported that none of the parties involved have so far signalled a withdrawal.

While the United Nations vowed to do everything possible to ensure the integrity of the agreement was upheld, Russia on Monday suggested renewing a deal allowing the safe export of grain from Ukraine's Black Sea ports for only half of the 120-day term of the previous renewal.

Also Read: US will extend Ukrainians' humanitarian stay after they crossed the border from Mexico

The deal will continue after March 18 if there are no objections from the parties, the source told TASS. The length of the extension, according to the source, was unimportant.

Also Read: Seoul reports that North Korea launched a "unidentified ballistic missile."

The source continued, "If the agreement is extended for 60 days, it will remain in effect after March 18 and after 60 days, one of the parties may raise the issue of its termination. In anticipation of a deal renewal, maize and wheat prices have been under pressure.

Also Read: Russia and Ukraine fight for Bakhmut as the ICC seeks arrest warrants for war crimes