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Russia has claimed that the Black Sea grain initiative has not allowed it to export agricultural products. State-owned news agency Tass outlines this morning what Russia is looking to achieve with any extension of the deal. It writes:
The Russian foreign ministry indicated that a further decision to extend the deal would depend on the reconnection of Rosselkhozbank [Russian state-owned agricultural bank] to the Swift payment system, the resumption of supplies of agricultural machinery, spare parts and services, the lifting of restrictions on insurance and reinsurance, the lifting of the ban on access to ports, the resumption of operation of the Togliatti-Odesa ammonia pipeline, [and] unblocking foreign assets and accounts of Russian companies associated with the production and transportation of food and fertilisers.
During the meeting, some issues starting with the grain initiative will be discussed. In this regard, we can say that the sides are looking warmly at the extension of the duration. Our wish is that this initiative is extended without any trouble.
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