The Kremlin announced the “not so bright” prospects for extending the grain deal

The Kremlin announced the "not so bright" prospects for extending the grain deal

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The prospects for extending the grain deal remain “not so bright”, as the situation around the second part of the agreements regarding the export of Russian fertilizers and grain is not improving. This was stated by the press secretary of the President of the Russian Federation Dmitry Peskov.

“They are still not so rosy. Unfortunately, the situation with the improvement of the state of affairs in the second part of these agreements still does not tend to improve,” he said.

Last week, April 14, the Russian Foreign Ministry named five conditions for the extension of the grain deal, including the connection of the Russian Agricultural Bank to the SWIFT settlement system, the resumption of supplies to Russia of agricultural machinery, spare parts and services that fell under Western sanctions, as well as the abolition of restrictions on insurance and reinsurance of Russian ships with grain and the lifting of the ban on their access to ports.

In addition, the Russian authorities demand the restoration of the Togliatti-Odessa ammonia pipeline and the release of foreign assets and accounts of Russian companies associated with the production and transportation of food and fertilizers.

The grain deal was concluded on July 22, 2022 by representatives of Turkey and the UN, on the one hand, and representatives of Russia and Ukraine, on the other. Separate agreements were signed with Moscow and Kiev: the first was for the export of Ukrainian grain from three ports, including Odessa, Yuzhny and Chernomorsk, and the second was for assistance in the export of Russian grain and fertilizers. Moscow has repeatedly noted that the second part of the deal is not being implemented.

Last deal extended March 14 for 60 days. The Russian side emphasized that the decision on the further implementation of the agreement would depend on compliance with the terms of the second part. April 12 in the Kremlin also called the prospects for a deal extension are “not so good.”

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