Russia’s Rosselkhozbank seeks to re-establish ties with foreign banks in order to process grain payments, the news outlet reports Russia has asked the EU and other Western nations to lift sanctions on state lender Rosselkhozbank, Reuters reported on Saturday, citing sources. According to the news agency, such a move would allow the bank to restore relations with its correspondent banks abroad and process payments for Russian grain and fertilizer exports. Prior to the introduction of anti-Russia sanctions, such payments were serviced by international banks and subsidiaries of Russian banks in Switzerland, the repor
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