Food crisis: EU wants to reconnect a sanctioned Russian bank to SWIFT

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Health Health Headlines News

The global food crisis is getting so bad that the EU now wants to reconnect a sanctioned Russian bank to the global financial system to keep the grain supply moving

Gatilov said reconnecting the Russian Agricultural Bank back to Swift was one of the conditions for the extension of the agreement, according to the Monday report.

"Russia has repeatedly extended the deal in the hope of positive changes," Gatilov told Izvestia, according to a"However, what we are seeing now does not give us grounds to agree to maintaining the status quo." Russia is a major exporter of commodities, ranging from energy to farm produce. While the supply chain has been in a state of disruption since the COVID-19 pandemic started in 2020, the dislocations have been compounded by the war between Russia and Ukraine, both of which are

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in HEALTH

Health Health Latest News, Health Health Headlines