EU considering compromise with Russia on SWIFT – FT ...News

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EU considering compromise with Russia on SWIFT – FT
Moscow has warned it will quit the grain deal if agricultural lender Rosselkhozbank is not reconnected to the payment system The EU is considering a proposal to reconnect a sanctioned Russian bank to the SWIFT global financial network in a bid to rescue the Black Sea grain deal, the Financial Times reported on Monday, citing sources close to the discussions. According to the report, major Russian agricultural lender Rosselkhozbank could create a subsidiary that is reconnected to SWIFT to handle the country’s grain export payments. The plan was reportedly proposed by Moscow through UN-brokered negotiations. Rosselk

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