Russia Ukraine Black Sea Agreement: Russia said on Tuesday that the US has agreed to help it lift the restrictions on food, fertilizer and shipping companies in exchange for agreeing on the maritime security agreement in the Black Sea. At the same time, the US said that Russia and Ukraine have also agreed to not carry out military attacks on each other’s energy installations. If these agreements are applied, then these agreements will be the biggest thing in the direction of a broader ceasefire so far. Washington sees it as a big step towards peace talks to end Russia’s three -year -old war in Ukraine.
What will Russia get
- The US said the agreement would help Russia restore access to the world market for agriculture and fertilizer exports, reduce maritime insurance costs and increase access to ports and payment systems for such transactions.
- Russia said that it has agreed to compromise the Black Sea with Washington. It now involves ensuring safety of shipping in the Black Sea, not using force and preventing the use of commercial ships for military purposes.
- Kremlin said that the agreement on maritime security will be applicable after the completion of several conditions. This involves removing restrictions on its major agricultural banks, food and fertilizer exporters and Russian ships. Ban on supply of agricultural machinery to Russia will also be lifted, as well as ban on food (including fish products) and other items involved in the production of fertilizers.
What will Ukraine get?
Washington stated that he agrees with Ukraine that the United States is committed to helping the exchange of prisoners, release of civil prisoners and forcibly transferred Ukrainian children. The deal is effectively the return of Black C Initiative, which was created in 2022 with the help of Turkey and the United Nations, and as well as a three -year MoU, UN officials agreed to help Russia its food and fertilizer exports to foreign markets.
Russia separated itself from this initiative in 2023, complaining that its own food and fertilizer are facing serious obstacles in exports, although Moscow is currently not facing serious problems in transporting its grains to the market through the Black Sea.
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