Russia gets US to agree to help lift curbs on food, fertilizer and shipping

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Russia gets US to agree to help lift curbs on food, fertilizer and shipping - Business Standard

Quick Summary:

Russia said it had agreed with Washington "to ensure the implementation of the Black Sea Initiative.

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

Russia withdrew from the initiative in 2023, complaining that its own food and fertilizer exports faced serious obstacles, though Moscow is not currently facing serious problems getting its grain to market by the Black Sea.