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Russia says grain deal extension 'directly depends' on easing restrictions on its exports

(Reuters) - Russia on Monday told a top United Nations representative that the extension of a landmark Black Sea grain deal was dependent on the West easing Russia's own...
Russia says grain deal extension 'directly depends' on easing restrictions on its exports © Reuters. FILE PHOTO: Combines load wheat into trucks in a field during harvest near the village of Solyanoye in the Omsk region, Russia September 8, 2022. REUTERS/Alexey Malgavko

(Reuters) - Russia on Monday told a top United Nations representative that the extension of a landmark Black Sea grain deal was dependent on the West easing Russia's own agricultural and fertiliser exports, the defence ministry said in a statement.

In a meeting in Moscow, Russia's deputy defence minister Alexander Fomin told U.N. Under-Secretary-General Martin Griffiths that extending the deal, which unlocked Ukrainian agricultural exports from its southern ports, "directly depends on ensuring full implementation of all previously reached agreements."

Russia says the impact of Western sanctions on logistics, payments, shipping and insurance prevents it from exporting fertilisers and chemicals like ammonia and that easing those restrictions was a key part of the deal, brokered in July by Turkey and the United Nations.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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