Russia seeks sanctions exemptions for state bank in Ukraine grain deal talks
Russia wants the West to ease restrictions on state agriculture lender Rosselkhozbank to facilitate Russian grain exports, according to four sources familiar with the request, made during talks to extend a deal on food shipments from Ukraine.
Moscow suspended its participation in the secure Black Sea grain corridor in late October but rejoined after four days, easing fears of further disruptions to grain exports from key supplier Ukraine at a time of rampant global food inflation.
President Vladimir Putin has reserved Russia’s right to halt the United Nations-brokered agreement again, while U.N. chief Antonio Guterres is pushing Moscow to agree to extend the pact beyond its scheduled expiry on Nov. 19.
Russia has not detailed its demands publicly beyond calls to unblock Russian fertiliser stuck in European ports and warehouses and resume exports of ammonia, an important ingredient in fertiliser, through a Russia-Ukraine pipeline.
Read also
Ukraine peas 2025/26: Record crop, weak demand and market pressure
China’s grain and oilseed imports face limits amid weak domestic demand
Beijing may instruct state-owned companies to buy expensive American soybeans to p...
Doubts loom over timing of Brazil’s B16 biodiesel mandate as deadline nears
China stabilizes grain and oilseed production
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon