Russian bank on SWIFT for safe export of grain from Ukraine?

UN Secretary-General Antonio Guterres has offered Russian President Vladimir Putin to extend a deal to help secure grain exports from Ukraine via the Black Sea in exchange for linking a branch of the Russian Agricultural Bank to the international payments system SWIFT, Reuters reported. .

Russia has threatened to scrap a grain deal that expires on Monday after several requests to ship its own grain and fertilizer abroad have not been met.

As the company writes, The Kremlin’s main demand is to reconnect the Russian agricultural bank Rosselkhozbank to the international SWIFT payment network.. The bank was cut off by the EU after Russia invaded Ukraine in June 2022.

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