Kremlin Sets Sanctions Relief as Condition for Black Sea Deal Implementation

Moscow has attached significant economic preconditions to a limited Black Sea navigation agreement brokered by the White House, demanding the lifting of Western sanctions before implementation, the Kremlin announced Tuesday.

“We’re thinking about all of them right now,” US President Donald Trump told reporters when asked about Russia’s demands. “There are five or six conditions. We are looking at all of them.”

The sanctions in question, targeting Russia’s agricultural bank and financial institutions involved in food exports, were imposed following Moscow’s February 2022 invasion of Ukraine.

Ukraine’s President Volodymyr Zelensky accused Russia of negotiating in bad faith. “They are already trying to twist the agreements and actually deceive both our mediators and the whole world,” Zelensky said in his nightly address.

The White House announcement came after separate diplomatic engagements with Ukrainian and Russian officials in Saudi Arabia. The proposed arrangement would prohibit military force in Black Sea shipping lanes while extending a previously announced moratorium on targeting energy infrastructure.

Though Zelensky confirmed Ukraine had agreed to the maritime security provisions, he disputed the Kremlin’s claim that an energy infrastructure protection agreement had already taken effect on March 18.

“There is something that the Kremlin is lying about again: that the alleged silence in the Black Sea depends on the issue of sanctions and that the alleged date of the beginning of the silence on energy is 18 March. Moscow always lies,” Zelensky said.

The White House statements avoided directly addressing Russia’s preconditions but included language suggesting potential sanctions flexibility, promising to improve “Russia’s access to agricultural export markets” and enhance “access to payment systems” – an apparent reference to the SWIFT international banking network from which Russian institutions were largely excluded.

The arrangement resembles the UN-brokered Black Sea grain initiative that operated earlier in the conflict until Russia allowed it to expire in July 2023. That deal had enabled Ukraine, traditionally one of the world’s largest grain exporters, to bypass Russia’s maritime blockade.

Trump, who campaigned on promises to swiftly end the Ukraine conflict, has yet to secure the comprehensive peace deal he once suggested could be achieved within his first 24 hours in office.


Information for this story was found via CNN, Al Jazeera, AP News, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Agnico Q1 Earnings Results Overshadowed By A Sinking Gold Price

Why More People Are Starting to Feel Broke | Darrell Thomas – VRIC Media

Newmont Q1 Earnings: A Billion In Free Cash Flow… A Month!

Recommended

Altamira Gold Extends Maria Bonita Porphyry System Westward With 70.6 Metres At 0.51 g/t Hit

Antimony Resources Reports 13.9% Antimony in Latest Drill Core at Bald Hill

Related News

Algeria Expresses Interest in Joining BRICS Group

Algeria, Africa’s largest exporter of natural gas, has become the latest country interested in joining...

Thursday, August 4, 2022, 02:19:00 PM

Anonymous Claims To Have Leaked Nestlé Customer Data, Gives Western Companies 48 Hours To Leave Russia

The international hacktivist collective known as Anonymous has announced that it has leaked 10GB worth...

Tuesday, March 22, 2022, 11:13:31 PM

French Army Chief Emphasizes Readiness Amid Rising European Security Concerns

The chief of staff of the French Army said his forces must maintain constant readiness...

Thursday, October 2, 2025, 12:53:00 PM

Russian Banks Shutting Down Branches Amid Falling Profits

Russian banks are being forced to close down their branches across the country due to...

Tuesday, May 21, 2024, 03:46:00 PM

Oil Is Fair In War? How The Countries Are Playing The Energy Game

The price of oil recently broke the US$129-per-barrel mark. The United States banned Russian oil...

Wednesday, March 9, 2022, 12:48:00 PM