Reuters: Russia wants the lifting of sanctions against its state bank lifted in exchange for extension of “grain deal”

Oleksiy Yarmolenko

Russia wants the West to lift (or ease) sanctions against its state bank Rosselkhozbank. In exchange for this, they will agree to extend the "grain agreement".

Reuters writes about this with reference to its own sources.

The agreement expires on November 19, and Russia is being asked to extend it. The Russian Federation did not publicly announce a request to lift sanctions from the state bank, but there were other demands: to unblock Russian fertilizers stuck in Western ports, as well as to grant permission for the resumption of ammonia exports.

The lifting of sanctions against Rosselkhozbank will allow it to process payments for Russian grain and other agricultural products. Russia continues to assert that the imposed sanctions make it difficult for it to export grain and fertilizers, as well as process payments for them.

The publicationʼs sources at the UN note that the possibility of lifting sanctions against the bank is being discussed with the EU and other Western countries.