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Russia seeks sanctions exemptions for state bank in Ukraine grain deal talks - sources

Russia seeks sanctions exemptions for state bank in Ukraine grain deal talks - sources

13 Sept 03:41 Key points summarised by AI
  • Russia demands Western sanctions relief for its state agriculture lender, Rosselkhozbank, to ensure smooth processing of payments for Russian grain and fertilizer exports.
  • This demand is a key condition in ongoing talks to extend the Black Sea grain deal, which facilitates food shipments from Ukraine.
  • Moscow argues current sanctions on the bank impede its ability to handle international payments, despite food and fertilizer being exempt from direct sanctions.
  • The UN is actively engaging with the EU and other parties to explore solutions, including facilitating payments through Rosselkhozbank, to remove obstacles to Russian food and fertilizer reaching global markets.
  • Should the request be granted, Rosselkhozbank's role in the international grain trade would significantly expand, impacting global food supply chains.
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