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EU weighs concession to Russian bank over Black Sea grain deal

 Published: 12:23, 3 July 2023

EU weighs concession to Russian bank over Black Sea grain deal

The European Union is considering a proposal for Russian Agricultural Bank to set up a subsidiary to reconnect to the global financial network as a sop to Moscow, the Financial Times said on Monday.

With the bank, also known as Rosselkhozbank, under sanctions, the move aims to safeguard the Black Sea grain deal that lets Ukraine export food to global markets, the newspaper said.

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