Russian Foreign Ministry: No Reason to Extend Grain Deal

The Russian Foreign Ministry said there were no grounds for extending the grain deal, which expires on July 17.

And in a statement released by the ministry and published on its official website today, Tuesday, it says: “Under such circumstances, it is clear that there are no grounds for a new extension of the Black Sea Initiative, which expires on July 17. Nevertheless, the Russian side continues to conscientiously and responsibly treat its obligations as a party to the agreement and make the necessary efforts in accordance with the rules of procedure so that all ships participating in it can successfully complete their mission and exit the Black Sea before its expiration. .

The ministry added that the Russia-UN memorandum was signed for a period of 3 years and does not require special decisions to be made to extend it.

The Black Sea Initiative, which was signed on July 22, 2022 by representatives of Russia, Turkey, Ukraine and the UN, requires the export of Ukrainian grain, food and fertilizer from 3 Ukrainian ports, including Odessa, through the Black Sea.

The second part of this deal is a Russia-UN memorandum providing for the lifting of restrictions on the export of Russian food and fertilizers.

Among the main objectives of this memorandum are the reconnection of the Russian Agricultural Bank of Russia to the SWIFT payment system, the resumption of supplies of agricultural machinery and spare parts, service maintenance, the restoration of the operation of the Togliatti-Odessa ammonia pipeline, and other measures.

Source: News

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