ISTANBUL/UNITED NATIONS: Ukraine, Russia, Turkey and the United Nations discussed on Thursday (May 11) UN proposals to extend a deal allowing the safe Black Sea export of Ukraine grain, which Moscow has threatened to quit on May 18 over obstacles to its grain and fertilizer exports. The UN and Turkey broke
ISTANBUL/UNITED NATIONS: Ukraine, Russia, Turkey and the United Nations discussed on Thursday UN proposals to extend a deal allowing the safe Black Sea export of Ukraine grain, which Moscow has threatened to quit on May 18 over obstacles to its grain and fertilizer exports.
"The parties presented their views and agreed to engage with those elements going forward," the UN said in a statement.Turkey's Defence Ministry said progress was made in the talks on the Black Sea grain deal and that the parties agreed to continue four-way technical meetings on the deal. On Wednesday, Turkish Foreign Minister Mevlut Cavusoglu said he thought the deal could be extended for at least two more months.
While those Russian exports are not subject to Western sanctions imposed following the February 2022 invasion of Ukraine, Moscow says restrictions on payments, logistics and insurance are a barrier to shipments. As an alternative the United Nations proposed other banks could help process payments. Reuters has reported that JPMorgan has processed the first payments for the Russian Agricultural Bank and could process dozens more, however Moscow has said this is not a long term fix.Deputy Foreign Minister Sergei Vershinin, speaking to Russian media in Istanbul, said on Thursday that if Russia's demands remained unresolved, then the Black Sea deal would"cease its existence".
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