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Russia says proposed Black Sea Initiative is a new deal

Published by Global Banking & Finance Review

Posted on March 27, 2025

1 min read

· Last updated: January 24, 2026

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Russia says proposed Black Sea Initiative is a new deal
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Russia Proposes New Black Sea Initiative Agreement

MOSCOW (Reuters) - Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday that the proposed Black Sea Initiative was a new deal - not an extension of an earlier agreement.

"This is a new agreement, the contours of which are currently being discussed," Zakharova said when asked by Reuters if the proposed deal was an extension to an earlier memorandum of understanding under which U.N. officials agreed to help Russia get its food and fertiliser exports to foreign markets.

Russia said on Tuesday the United States had agreed to help it lift a series of Western sanctions and restrictions on food, fertiliser and shipping companies as preconditions for a maritime security deal in the Black Sea.

(Reporting by Dmitry Antonov; editing by Guy Faulconbridge)

Key Takeaways

  • Russia claims the Black Sea Initiative is a new deal.
  • Maria Zakharova confirms discussions on the agreement's contours.
  • The deal is not an extension of a previous agreement.
  • U.S. involvement in lifting sanctions is a precondition.
  • Focus on maritime security and export facilitation.

Frequently Asked Questions

What is the main topic?
The article discusses Russia's new Black Sea Initiative and its distinction from previous agreements.
What are the preconditions for the deal?
The U.S. must help lift Western sanctions on Russia's food, fertiliser, and shipping sectors.
Who is Maria Zakharova?
Maria Zakharova is the spokeswoman for the Russian Foreign Ministry.

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