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Black Sea Deal to Ease Exports From Russia, Deputy Prime Minister Says
Black Sea Deal to Ease Exports From Russia, Deputy Prime Minister Says
Sputnik Africa
The Russian deputy minsiter said that friendly countries that paid for Russian exports in rubles and third-party currencies did not face such problems. 26.03.2025, Sputnik Africa
2025-03-26T12:16+0100
2025-03-26T12:16+0100
2025-03-26T18:18+0100
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The lifting of sanctions on the Russian Agricultural Bank (Rosselkhozbank) under the prospective Black Sea deal would ease third-party access to Russian machinery and fertilizer exports, Russian Deputy Prime Minister Denis Manturov said on Wednesday.On March 25, the Kremlin published a statement on the results of the meeting of the Russian and US delegations in Riyadh. The statement said that both sides had agreed to ensure the implementation of the Black Sea initiative in line with the agreement reached by Russian President Vladimir Putin and US President Donald Trump, including by providing security of navigation in the Black Sea, preventing the use of force against commercial vessels and ensuring that commercial vessels are not used for military purposes. The agreement will take effect once several conditions are met, specifically once sanctions are lifted on the Russian Agricultural Bank.Western countries and their allies rolled out a comprehensive sanctions campaign against Russia after it launched the special military operation in Ukraine in February 2022. Moscow has repeatedly stated that the country will cope with the sanctions pressure. Putin said that the policy of containing and weakening Russia was a long-term strategy of the West, and the sanctions had dealt a serious blow to the global economy.
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russia-africa cooperation, russia, black sea, vladimir putin, donald trump, united states (us), ruble, grain, grain deal, black sea grain initiative
russia-africa cooperation, russia, black sea, vladimir putin, donald trump, united states (us), ruble, grain, grain deal, black sea grain initiative
Black Sea Deal to Ease Exports From Russia, Deputy Prime Minister Says
12:16 26.03.2025 (Updated: 18:18 26.03.2025) Kirill Kurevlev
Managing Editor
The Russian deputy minsiter said that friendly countries that paid for Russian exports in rubles and third-party currencies did not face such problems.
The lifting of sanctions on the Russian Agricultural Bank (Rosselkhozbank) under the prospective Black Sea deal would ease third-party access to Russian machinery and fertilizer exports, Russian Deputy Prime Minister Denis Manturov said on Wednesday.
"Today, these goods are being exported. First of all, the issue concerns exports to countries that have difficulties when purchasing these goods due to sanction imposed against Russian financial institutions," Manturov said.
On March 25, the Kremlin published a statement on the results of the meeting of the Russian and US delegations in Riyadh. The statement said that both sides had agreed to ensure the implementation of the Black Sea initiative in line with the agreement reached by Russian President Vladimir Putin and US President Donald Trump, including by providing security of navigation in the Black Sea, preventing the use of force against commercial vessels and ensuring that commercial vessels are not used for military purposes.
The agreement will take effect once several conditions are met, specifically once sanctions are lifted on the Russian Agricultural Bank.
Western countries and their allies rolled out a comprehensive sanctions campaign against Russia after it launched the special military operation in Ukraine in February 2022. Moscow has repeatedly stated that the country will cope with the sanctions pressure. Putin said that the policy of containing and weakening Russia was a long-term strategy of the West, and the sanctions had dealt a serious blow to the global economy.
