Kremlin announces termination of Black Sea Grain Initiative

On 17 July, the Russian president’s press secretary Dmitry Peskov announced the suspension of the Black Sea Grain Initiative.

Source: Peskov, quoted by RBC, reported by European Pravda

Quote: "In fact, the agreements were terminated today."

Details: Peskov said the reason for the termination of the agreement was that "the part of the agreement concerning Russia has not been fulfilled".

He said that as soon as the Russian part of the agreement is fulfilled, Russia will immediately return to the implementation of the agreement.

Russian Foreign Ministry spokeswoman Maria Zakharova told RIA Novosti, a Kremlin-aligned news outlet, that on Monday, Russia had officially informed Türkiye and Ukraine, as well as the UN secretariat, of its objections to the extension of the Black Sea Grain Initiative.

Recently, Russia has regularly threatened not to extend the grain corridor despite calls from the UN and Türkiye, which brokered the agreement.

On Friday, Turkish President Recep Tayyip Erdoğan said that he and Russian President Putin share the same opinion on the extension of the Black Sea Grain Initiative.

The Kremlin later denied the Turkish president's statements.

According to media reports, the EU had been considering concessions to a Russian bank for the sake of the grain deal. In particular, they were talking about setting up a subsidiary of the sanctioned Rosselkhozbank to restore its connection to SWIFT.

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