The Russian Ministry of Foreign Affairs stated that if Rosselkhozbank ("Rosselkhozbank" was excluded from the SWIFT system on June 14, 2022 - ed.) is not returned to the SWIFT global banking system, it will not extend the grain agreement, which expires on July 17 (on May 17, Russia and Turkey extended the grain agreement for 2 months with his proposal - ed.).

Axar.az reports that this was reported on the ministry's website.

"If "Rosselkhozbank" does not join SWIFT and there is no progress in solving other "systemic" problems that hinder the export of agricultural products, then the Black Sea Initiative will also have to look for alternatives," the information stated.