Russian agricultural bank to gain SWIFT access by month's end, UN confirms
Posted on September 15, 2023 |
The Russian agricultural bank is poised to regain access to SWIFT, facilitated by a decision from the UN.
The UN has put forth concessions in a bid to encourage Russia to rejoin a grain agreement.
The proposed UN measures include re-establishing the grain deal, granting SWIFT access, and addressing ship insurance concerns.
Nonetheless, Ukraine has expressed apprehensions regarding the relaxation of sanctions amid negotiations over Russian food-related matters.
The EU is in the process of lifting sanctions on Rossel Hozbank, potentially allowing it to bypass SWIFT restrictions.
These UN-proposed measures align with Russia's stipulations for a grain agreement, indicating ongoing negotiations and efforts to find common ground.
