![]() ![]() In the letter, Guterres reportedly proposed that Moscow allow the deal to continue for several months to give the EU time to connect a Rosselkhozbank subsidiary to SWIFT. Secretary-General Antonio Guterres had sent a letter to Putin this week. The EU is considering connecting a subsidiary of Rosselkhozbank to SWIFT to allow for grain and fertilizer transactions, reports said Wednesday.Įrdoğan said U.N. It was cut off by the EU in June 2022 over Russia's invasion of Ukraine in February 2022. A key demand by Moscow is the reconnection of the Russian Agricultural Bank (Rosselkhozbank) to the international payment network SWIFT. Russia has threatened to ditch the initiative because several demands to dispatch its own grain and fertilizer abroad have not been met. Ukraine and Russia are among the world's leading grain exporters. ![]()
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