The European Bank for Reconstruction and Development (EBRD) reported on Thursday that growth in developing economies is slowing, partly due to rising energy and wheat prices. Ukraine is a major grain exporter, with most of its grain transported via the Black Sea. Germany's foreign minister called for an immediate and comprehensive ceasefire in the Black Sea region to secure food supplies. Turkish President Erdogan also told Ukrainian President Zelensky that attacks on commercial vessels in the Black Sea were "perplexing" and that measures must be taken to ensure navigation safety, reiterating Turkey's willingness to facilitate peace talks.