The European Union is considering a proposal to allow the Russian Federation to create a “daughter” that can connect to the SWIFT international transfer system to extend the grain deal of the sanctioned Agricultural Bank of Russia. newspaper reports Finance Times (FT), citing its own sources.
Journalists learned that the Russian side proposed such a plan in the negotiations conducted under the mediation of the United Nations. Broadcast sources state that this proposal was perceived as “the smallest of the worst.”
The Financial Times correspondent states that the EU is currently assessing how this agreement could be legal and enforceable.
Sergei Lavrov, head of the Ministry of Foreign Affairs at the end of June, said today: not left there is no compelling reason to extend the grain deal. The minister also noted that at the moment this project has become “commercial only”.
Former US Treasury extended sanctions against Russia.