Finance

Kremlin says various conditions must be met before Black Sea security deal can be activated

Published by Global Banking & Finance Review

Posted on March 26, 2025

2 min read

· Last updated: January 24, 2026

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Kremlin says various conditions must be met before Black Sea security deal can be activated

Kremlin Outlines Conditions for Black Sea Security Deal

MOSCOW (Reuters) - The Kremlin said on Wednesday that a number of conditions must be met before a Black Sea maritime security deal negotiated with the United States can be activated, pointing to an earlier agreement which it said saw Moscow's needs ignored.

The United States reached separate deals on Tuesday with Ukraine and Russia to cease fighting in the Black Sea and pause attacks against energy targets, with Washington agreeing to push to lift some sanctions against Moscow.

While Russian exports of food and fertiliser are not subject to Western sanctions, Moscow has said restrictions on payments, logistics and insurance have amounted to a barrier to shipments.

Russia wants the reconnection of its state agricultural bank Rosselkhozbank to the SWIFT international payments system. That and other steps could require agreement from European countries.

"As for the Black Sea grain initiative, it can be activated after a number of conditions are implemented," Kremlin spokesman Dmitry Peskov told reporters.

"These are the same conditions that were included in the (original) Black Sea Initiative...all the conditions of which were fulfilled except for those concerning the Russian side. So, of course, this time round justice must prevail and we will continue our work with the Americans."

Moscow in 2023 withdrew from the original deal, brokered by the United Nations and Turkey in 2022, complaining that obstacles to its own food and fertiliser exports had not been eased as promised under the terms of that agreement.

(Reporting by Dmitry Antonov; Writing by Andrew Osborn; Editing by Guy Faulconbridge)

Key Takeaways

  • Kremlin requires conditions met for Black Sea deal activation.
  • US reached agreements with Ukraine and Russia to pause attacks.
  • Russia seeks reconnection of Rosselkhozbank to SWIFT.
  • Moscow withdrew from the original UN-brokered deal in 2023.
  • Russia claims Western sanctions hinder its exports.

Frequently Asked Questions

What is the main topic?
The article discusses the Kremlin's conditions for activating a Black Sea security deal with the US.
What conditions does Russia want met?
Russia wants its state agricultural bank reconnected to the SWIFT system and other barriers to exports removed.
Why did Moscow withdraw from the original deal?
Moscow withdrew, claiming obstacles to its food and fertilizer exports were not eased as promised.

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