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Putin: Russia will consider returning to grain deal if all its requirements are met and implemented

путін

Russian President Vladimir Putin said that Russia would consider returning to grain deal under one condition - if all principles of Russia’s participation in agreement are fully taken into account, and most importantly, implemented.

It is informed by Censor.NЕТ referring to Economic Truth.

Putin claims that Russia "showed miracles of endurance and tolerance by continuing the grain deal."

"At the same time, no one was going to fulfill any obligations and agreements under the grain deal, only to constantly demand something from Russia. The West did everything to derail the grain deal, sparing no effort," Putin said.

He also said that the "grain deal" allegedly led to direct losses of $1.2 billion for Russian farmers.

"Our country is able to substitute Ukrainian grain, both on a commercial and free basis. Moreover, we are expecting a record harvest again this year. The extension of the grain deal as it existed has lost all meaning. That is why we opposed its further extension. We are not against the agreement itself. And we will consider returning to it, but under one condition - if all the principles of Russia's participation in the agreement are fully taken into account, and most importantly, implemented," he said.

Among the conditions Putin voiced were the lifting of sanctions on Russian grain and fertilizer supplies "to world markets," the connection of banks to SWIFT, and the end of "all restrictions."

"We do not need any promises or ideas, we need these conditions to be fulfilled," Putin added.

He also named the resumption of supplies of spare parts for agricultural machinery and "resolving the issue of freight and insurance for Russian ships" among the conditions.

In addition, he said that the Togliatti-Odesa ammonia pipeline "should be restored." He also said that "Russian assets related to agriculture" should be unblocked. Putin claims that these conditions are specified in Russia's Memorandum with the UN.

"If all these conditions are fulfilled, we will immediately return to this agreement," Putin said.