ANKARA, Jul 13 The alleged EU plan to connect a Russian bank's subsidiary to the SWIFT payment system requires consensus among Western countries and the removal of barriers for the unimpeded entry of Russian products to world markets, this will be a complex process that requires time and effort, said a source familiar with the negotiation process around the Black Sea grain initiative.
UN Secretary-General António Guterres, in a letter to Russian President Vladimir Putin, suggested that he extend the Black Sea Grain Initiative for a few more months — at least before the EU connects a Russian bank's subsidiary to SWIFT, Reuters reports citing sources familiar with the discussions. Earlier, the Financial Times, citing sources, reported that the EU is considering allowing Rosselkhozbank to create a subsidiary that will be connected to the SWIFT payment system to settle transactions related to grain exports in order to save the grain deal.
«This is a rather complicated process. Clear intentions, consensus and efforts are needed here to remove all barriers. Firstly, time is needed, because the process of agreeing and building this entire mechanism is not a matter of one or two days, and secondly , efforts are needed,» the agency's interlocutor said. sdelka-1883886678.html» data-title=»UN wants to extend grain deal for at least two months, source says»>