Russia sets grain deal conditions, Putin suggests free grain for Africa

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Russia sets grain deal conditions, Putin suggests free grain for Africa
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Russia laid out conditions on Monday for agreeing to any further extension of the Black Sea grain deal, and President Vladimir Putin said that Moscow could send free grain to African countries if those conditions were not met.

on Saturday for 60 days - half the intended period - after Moscow said any further extension beyond May 18 would hinge on the removal of some Western sanctions.

It said the deal's renewal in May would depend on certain conditions, including the restoration of access to the SWIFT financial messaging system for Russian state-owned agriculture-focused bank Rosselkhozbank, a resumption of farm machinery supplies, and the unblocking of foreign assets and accounts held by Russian agricultural companies.

Speaking at a Russia-Africa parliamentary conference in Moscow on Monday, Putin said grain exports under the Black Sea deal had unfairly prioritised "well-fed European markets" rather than African countries, and that the renewal of the deal on Russia's terms was in the continent's interests. Though the main destinations for grain shipped under the deal have been China, Spain and Turkey, African countries have benefited indirectly as increased supply has helped drive down global grain prices.

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ReutersAfrica /  🏆 31. in ZA

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