The process of establishing a subsidiary has been initiated by Rosselkhozbank to reconnect to the SWIFT system, but the EU has not yet provided specific mechanisms for this. Finance Times citing sources familiar with the controversy.
As detailed in the article, the EU is considering allowing a sanctioned bank to set up a subsidiary that will be connected to the payment system to handle grain export transactions and save the grain deal.
RIA Novosti confirmed that such discussions are indeed ongoing, but no specific mechanism has been received from the European Union. The source states that perhaps the situation will become clear in July, and that the UN is also working on this issue.
How declaration At the Ministry of Foreign Affairs of the Russian Federation, the terms of the grain agreement will expire on July 17, if Rosselkhozbank is not affiliated with SWIFT.
Rosselkhozbank was included in the sanctions list of the European Union in response to hostilities in Ukraine.
Former US Treasury extended sanctions against Russia.