MR MAJANGA
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UN Helping Russian Bank With SWIFT Bypass — Official
The UN continues to work on ensuring that Russia’s requirements in the Black Sea grain deal are implemented, including removing obstacles for banking operations involving Russian agricultural exports, spokesman Stephane Dujarric said on Monday.
According to the official, the organization aims to facilitate transactions for Russian state agricultural lender Rosselkhozbank, which was disconnected from the SWIFT payment system as part of Ukraine-related sanctions last year. Dujarric said there is an opportunity for the bank to conduct business without SWIFT.
Rosselkhozbank’s reconnection to SWIFT is among the conditions Russia has stated for its continued participation in the Black Sea grain initiative. The deal guarantees the safe export of Ukrainian grain through the Black Sea but also intends to remove obstacles to Russian agricultural exports.
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The UN continues to work on ensuring that Russia’s requirements in the Black Sea grain deal are implemented, including removing obstacles for banking operations involving Russian agricultural exports, spokesman Stephane Dujarric said on Monday.
According to the official, the organization aims to facilitate transactions for Russian state agricultural lender Rosselkhozbank, which was disconnected from the SWIFT payment system as part of Ukraine-related sanctions last year. Dujarric said there is an opportunity for the bank to conduct business without SWIFT.
Rosselkhozbank’s reconnection to SWIFT is among the conditions Russia has stated for its continued participation in the Black Sea grain initiative. The deal guarantees the safe export of Ukrainian grain through the Black Sea but also intends to remove obstacles to Russian agricultural exports.
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