Kremlin issues first obstacle after Black Sea ceasefire agreement: Sanctions must be lifted before it begins

Nga A2 CNN
2025-03-25 19:25:00 | Bota

Kremlin issues first obstacle after Black Sea ceasefire agreement: Sanctions

The first obstacle to the Black Sea ceasefire agreement that the US claimed to have reached with Russia and Ukraine has emerged.

According to foreign media, Ukrainian President Volodymyr Zelenskyy and the Kremlin appear to be at odds over the timing and terms of this ceasefire.

The Ukrainian president said he understood the ceasefire to take 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 of feed and fertilizers

Their connection to the SWIFT payment system

Trade finance transactions

Companies that produce and export food and fertilizers

Insurance companies that deal with food and fertilizers

Russian-flagged ships involved in 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." (A2 Televizion)

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