NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Moscow on grain deal: We can restart talks if UN meets Russian needs within three months

Published 07/19/2023, 04:26 AM
Updated 07/19/2023, 06:08 AM
© Reuters. FILE PHOTO: The cargo ship Mehmet Bey waits to pass through the Bosphorus Strait off the shores of Yenikapi during a misty morning in Istanbul, Turkey, October 31, 2022. REUTERS/Mehmet Emin Calsikan/File Photo

MOSCOW (Reuters) -Russia said on Wednesday the United Nations had three months to implement the terms of a memorandum that would facilitate Russian agricultural exports if it wanted Moscow to resume talks about allowing Ukrainian grain exports to restart.

Russia said on Monday it was halting participation in a year-old U.N.-brokered deal that let Ukraine export grain through the Black Sea, complaining that promises to facilitate its own shipments of food and fertilisers had not been kept.

The Black Sea deal was brokered by the U.N. and Turkey in July last year to help combat a global food crisis and overcome additional obstacles thrown up after Russia sent troops into Ukraine.

Kyiv and Moscow are among the world's top grain exporters.

Russia's withdrawal meant that the related pact to assist its own grain and fertiliser exports was also terminated, U.N. Secretary-General Antonio Guterres signalled at the time.

Russian Foreign Ministry spokeswoman Maria Zakharova said the onus was now on the United Nations to implement the Russian deal if it wanted Moscow to return to wider talks about it helping revive Ukrainian exports.

© Reuters. FILE PHOTO: The cargo ship Mehmet Bey waits to pass through the Bosphorus Strait off the shores of Yenikapi during a misty morning in Istanbul, Turkey, October 31, 2022. REUTERS/Mehmet Emin Calsikan/File Photo

"The Russia-United Nations Memorandum itself states, and I'll quote...that the agreement will be in force for three years, and in case one of the parties intends to terminate it (either Russia or the UN), it must give three months' notice. We have given notice," Zakharova told Radio Sputnik on Wednesday.

"Accordingly, the UN still has three months to achieve concrete results. Therefore, people should not run to the microphones at the UN Secretariat, but use these three months to achieve concrete results. If there are concrete results, we will return to the discussion of this (wider) issue."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.