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First obstacle to Black Sea ceasefire agreement emerges

Politiko 2025-03-25 19:16:48

First obstacle to Black Sea ceasefire agreement emerges
The first obstacle to the Black Sea ceasefire agreement has emerged.

Volodymyr Zelenskyy and the Kremlin appear to be at odds over timing and terms, Skynews reports. 

The Ukrainian president said he understood the ceasefire had come into effect immediately after the US announcement earlier today.

But Moscow says it will only come into effect after Western sanctions against companies involved in food and fertilizer exports are lifted.

The sanctions it seeks to lift include those against:

Rosselkhozbank and other financial organizations involved in the trade in feed and fertilizers
Their connection to the SWIFT payment system
Trade financing transactions
Companies producing and exporting feed and fertilizers
Insurance companies dealing in feed and fertilizers
Ships under the Russian flag involved in the trade
Supply of agricultural machinery to Russia

Meanwhile, the US said it has agreed to "help restore Russia's access to the world market for agricultural and fertilizer exports, reduce maritime insurance costs, and improve access to ports and payment systems for such transactions."

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