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Russian Foreign Ministry to Announce Terms for Extending Black Sea Grain Initiative

Home / World / Russian Foreign Ministry to Announce Terms for Extending Black Sea Grain Initiative
The Black Sea Grain Initiative will not be extended after May 18 if no progress on five “systemic” issues, as Russian Foreign Ministry stated. “Without progress in resolving five “systemic” issues <...> there is no need to talk about the further extension of the Black Sea Grain Initiative after May 18,” the message says. The Ministry of Foreign Affairs refers to the “systemic” issues:
  • reconnection of Rosselkhozbank to SWIFT;
  • resumption of agricultural machinery, spare parts supplies and maintenance service;
  • lifting of restrictions on insurance and reinsurance, plus lifting of the ban on access to ports;
  • restoration of the Togliatti-Odessa ammonia pipeline operation;
  • unblocking foreign assets and accounts of Russian companies related to the production and transportation of food and fertilizers.
In addition, the Foreign Ministry stressed that the terms of the second part of the Black Sea Grain Initiative regarding the export of Russian fertilizers and grain, are still not being met.