https://sputnikglobe.com/20230522/turkiye-reportedly-in-talks-with-west-on-eliminating-obstacles-to-paying-for-russian-products-1110508668.html
Turkiye Reportedly in Talks With West on Eliminating Obstacles to Paying for Russian Products
Turkiye Reportedly in Talks With West on Eliminating Obstacles to Paying for Russian Products
Sputnik International
A source told Sputnik that Turkiye and the UN are negotiating with the US and the UK in order to remove obstacles to paying for Russian products, a plan which is part of the grain deal.
2023-05-22T02:36+0000
2023-05-22T02:36+0000
2023-05-28T15:26+0000
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Earlier this month, the Russian Foreign Ministry said that the grain deal had been extended until July 17 without any changes, but if all problematic issues of the initiative are not resolved in two months, it would be terminated after July 17. The ministry added that there were five "systemic" tasks to be solved within the framework of the Russia-UN memorandum, including the re-connection of the Russian Agricultural Bank to the SWIFT system and the unfreezing of assets of Russian companies. On May 18, the Russian Foreign Ministry said that the grain deal had been extended until July 17 without any changes, but if all problematic issues of the initiative are not resolved in two months, it would be terminated after July 17. The ministry added that there were five "systemic" tasks to be solved within the framework of the Russia-UN memorandum, including the re-connection of the Russian Agricultural Bank to the SWIFT system and the unfreezing of assets of Russian companies.The grain deal was brokered by the United Nations and Turkey in July 2022 to facilitate exports of Ukrainian agricultural products from Black Sea ports during the hostilities that began in February of that year. The package agreement also includes a memorandum of understanding between Russia and the UN to unblock Russian grain and fertilizer exports via the Black Sea, which, according to Moscow, has not been implemented due to Western sanctions.
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Turkiye Reportedly in Talks With West on Eliminating Obstacles to Paying for Russian Products
02:36 GMT 22.05.2023 (Updated: 15:26 GMT 28.05.2023) ANKARA (Sputnik) - Turkiye, together with the United Nations (UN), is negotiating with the United States and the United Kingdom to remove obstacles to paying for Russian products, the export of which is planned as part of the grain deal, a source familiar with the talks told Sputnik.
Earlier this month, the Russian Foreign Ministry said that the grain deal had been extended until July 17 without any changes, but if all problematic issues of the initiative are not resolved in two months, it would be terminated after July 17.
The ministry added that there were five "systemic" tasks to be solved within the framework of the Russia-UN memorandum, including the re-connection of the Russian Agricultural Bank to the SWIFT system and the unfreezing of assets of Russian companies.
"Currently, together with the UN, we are negotiating with Western countries, mainly with the US and the United Kingdom, in order to remove obstacles in financial transactions when Russian products gain access to world markets. The process is difficult, but negotiations continue. I can say that there is an understanding that this is necessary for the smooth operation of the mechanism," the source told Sputnik.
On May 18, the Russian Foreign Ministry said that the grain deal had been extended until July 17 without any changes, but if all problematic issues of the initiative are not resolved in two months, it would be terminated after July 17. The ministry added that there were five "systemic" tasks to be solved within the framework of the Russia-UN memorandum, including the re-connection of the Russian Agricultural Bank to the SWIFT system and the unfreezing of assets of Russian companies.
The grain deal was brokered by the United Nations and Turkey in July 2022 to facilitate exports of Ukrainian agricultural products from Black Sea ports during the hostilities that began in February of that year. The package agreement also includes a memorandum of understanding between Russia and the UN to unblock Russian grain and fertilizer exports via the Black Sea, which, according to Moscow, has not been implemented due to Western sanctions.
