American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Latest News

Grain deal revival? Russia sets conditions for Black Sea agreement

by admin March 26, 2025
March 26, 2025
Grain deal revival? Russia sets conditions for Black Sea agreement

The Kremlin said on Wednesday that the reinstatement of the Black Sea grain deal, brokered by the United Nations and Turkey, is contingent upon the fulfillment of several conditions. 

This statement alludes to a previous agreement where Russia’s concerns were purportedly disregarded, Reuters reported. 

Kremlin’s conditions for deal revival

The deal, which allowed for the safe export of Ukrainian grain via the Black Sea, was crucial in mitigating global food shortages. 

However, in 2023, Moscow withdrew from the 2022 UN- and Turkey-brokered Black Sea Grain deal, citing unfulfilled promises to ease Russian food and fertilizer exports.

The Kremlin’s insistence on preconditions underscores the complexities surrounding the resumption of the deal and highlights the need for a balanced approach that addresses the concerns of all parties involved.

US-brokered agreements

The US has successfully brokered separate agreements with Ukraine and Russia, aimed at de-escalating the ongoing conflict. 

The core component of these agreements involves a cessation of hostilities within the Black Sea region and a commitment to halt attacks targeting crucial energy infrastructure.

In a significant move, the US has also pledged to advocate for the lifting of specific sanctions that have been imposed on Moscow. 

Although Western sanctions do not directly target Russian exports of food and fertilizer, Moscow contends that these sanctions have created obstacles to shipments. 

These obstacles arise from restrictions imposed on payments, logistics, and insurance, which have significantly impacted Russia’s ability to export these essential goods.

Russia’s SWIFT request

Russia has also been seeking to reintegrate its state agricultural bank, Rosselkhozbank, into the SWIFT international payments system. 

This move is seen as crucial for facilitating international trade and financial transactions for the Russian agricultural sector. 

However, the reconnection to SWIFT is not solely within Russia’s control. 

It would necessitate agreement and cooperation from European countries, who currently hold significant influence within the SWIFT network due to existing sanctions and geopolitical tensions.

The potential reconnection of Rosselkhozbank to SWIFT could be part of a broader negotiation or agreement between Russia and European nations. 

This agreement may involve concessions or compromises from both sides, potentially including the easing of certain sanctions or restrictions on Russia in exchange for fulfilling specific conditions or commitments.

Potential repercussions

The implications of such a move are multifaceted. For Russia, it would signify a step towards normalising its financial relations with the international community and bolstering its agricultural exports. 

For European countries, it could represent an opportunity to foster economic cooperation and potentially influence Russia’s behavior in other areas. 

However, it could also face criticism from those who view it as appeasing Russia or undermining existing sanctions.

“As for the Black Sea grain initiative, it can be activated after a number of conditions are implemented,” Kremlin spokesman Dmitry Peskov told reporters.

These are the same conditions that were included in the (original) Black Sea Initiative…all the conditions of which were fulfilled except for those concerning the Russian side. So, of course, this time round justice must prevail and we will continue our work with the Americans.

The post Grain deal revival? Russia sets conditions for Black Sea agreement appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
The Trump empire, reimagined: from real estate to crypto, what’s it all worth?
next post
Analysis: how sanctions on Venezuelan oil could disrupt global supply and impact crude prices

Related Posts

Cat’s fall into vat of hazardous chemicals sparks...

March 14, 2024

EU moves high-level meetings out of Budapest to...

July 23, 2024

DocuSign CEO Allan Thygesen dismisses recession fears, says...

March 15, 2025

New Zealand dollar falls as rate cut bets...

October 16, 2024

CNN gets a rare look at the Iranian...

May 3, 2024

American therapist detained in Syria more than seven...

May 20, 2024

UK ambassador to Mexico sacked after pointing gun...

June 3, 2024

Julian Assange ends stalemate with US, exchanging guilty...

June 27, 2024

Paul Marchant resigns as Primark boss after admitting...

March 31, 2025

Proposal to mark a new chapter in Earth’s...

March 6, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Europe bulletin: Manchester synagogue attack aftermath, stocks close higher

      October 5, 2025
    • Evening digest: Trump sets deadline for Hamas, Canada’s slowdown, BTC rebounds

      October 5, 2025
    • Iran executes six people for alleged links to Israel, state media reports

      October 5, 2025
    • US digest: Trump’s Hamas ultimatum, government shutdown stalemate continues

      October 5, 2025
    • Japanese stocks may extend record run as Takaichi win revives ‘Abenomics’

      October 5, 2025

    Categories

    • Business (4,181)
    • Investing (2,955)
    • Latest News (2,080)
    • Politics (1,536)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved