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.

Tags: grain, Ukraine, Russia