Russia's envoy: No grounds to maintain grain deal status quo

economictimes.indiatimes.com:

Russia's envoy to the United Nations in Geneva said there were no grounds to maintain the «status quo» of the Black Sea grain deal that is set to expire on July 18, the Russian news outlet Izvestia reported on Monday. In a wide ranging interview, envoy Gennady Gatilov told the outlet that the implementation of Russia's conditions for the extensions of the agreement was «stalling.» Those conditions included, among others, the reconnection of the Russian Agricultural Bank (Rosselkhozbank) to the SWIFT banking payment system.

«Russia has repeatedly extended the deal in the hope of positive changes,» Gatilov told Izvestia. «However, what we are seeing now does not give us grounds to agree to maintaining the status quo.» The Black Sea deal, brokered between Russia and Ukraine by the United Nations and Turkey in July 2022, aimed to prevent a global food crisis by allowing Ukrainian grain trapped by Russia's invasion to be safely exported from Black Sea ports.

Last week, the United Nations said it was concerned no new ships had been registered under the Black Sea deal since June 26 — despite applications being made by 29 vessels.NEW 'NEW START' TREATY Gatilov said he hopes «common sense» will prevail in the United States and there will not be the need to consider the option to denounce the New Start nuclear weapons treat, the last remaining U.S.-Russia arms control treaty that caps the countries' strategic nuclear arsenals. President Vladimir Putin has suspended Russia's participation in the pact, although both sides have pledged to continue to respect its limits and there since has been «direct contact» between Moscow and Washington on the issue.