The EU will not fulfill Russia’s demand to lift sanctions on the country’s main agricultural bank as part of the Black Sea ceasefire initiative discussed between Moscow and Washington, European Commission Foreign Affairs spokeswoman Anitta Hipper has said.
During the talks between Russian and US experts in Riyadh on Monday, the sides agreed to move towards reviving the Black Sea Grain Initiative, which, according to the Kremlin, should include the removal of Western restrictions against Russian Agricultural Bank and other financial institutions involved in the international sale of food and fertilizers. The maritime ceasefire is seen by Moscow and Washington as a step towards settling the Ukraine conflict.