Russia is still not satisfied with how a Black Sea grain deal is being implemented, Deputy Foreign Minister Sergei Vershinin said on June 10 after meeting UN trade officials in Moscow, TASS reported. Russia has threatened to walk away from the deal next month if demands to improve its own food and fertilizer exports are not met. The deal, struck in July last year, facilitates the "safe navigation" of grain and fertilizer to global markets. Vershinin said "barriers" to Russian exports remain. Moscow's demands include the reconnection of the Russian Agricultural Bank (Rosselkhozbank) to the SWIFT international payment system. To read the original story by Reuters, click here.
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