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Free AccessKremlin Warns Against Black Sea Grain Exports Without Deal In Place
Comments from the Kremlin hitting wires warning that a potential plan by Ukraine and Turkey to continue operating Black Sea grain exports would carry "risks" without security guarantees in place from Russia as the "relevant waters are used by Ukraine for military activities."
- The Kremlin pushed back against statements from the US and EU yesterday which were critical of Moscow's decision to withdraw from the deal saying, "Moscow fulfilled its obligations."
- US Secretary of State Antony Blinken yesterday countered Moscow’s claims that the deal unreasonably hindered Russian agriculture exports, saying: “As we have consistently made clear, no G7 sanctions are in place on Russian food and fertilizer exports.”
- Blinken said that, in the absence of a formal deal, “we’ll look at what else can be done to find other ways to get Ukrainian food products on the world market,” but conceded that “it's really hard to replace what’s now being lost as a result of Russia weaponizing food.”
- Kremlin spokesperson Dmitry Peskov said yesterday that Russia would resume participation “as soon as the relevant agreements are fulfilled,” but today's comments failed to provide clarity on conditions which need to be met.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.