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According to the latest report, Vladimir Putin's renewed interest in reviving the Black Sea Grain Initiative stems from several strategic calculations. First and foremost is his desire for sanctions relief. Moscow aims to reconnect state-owned Rossel-khoz-bank to the SWIFT banking system and restore ammonia exports through Ukrainian territory. Additionally, Russia seeks to reestablish its maritime control in the Black Sea. With Ukraine exploring alternative shipping routes near NATO waters, Moscow perceives this as a threat that could escalate tensions in the future. Moreover, reviving the deal allows Russia to position itself as a responsible actor on the global stage. Amid criticism from developing nations regarding food price volatility caused by the conflict, returning to negotiations could help Moscow regain some diplomatic leverage.
Watch the report on the YT link.
Watch the report on the YT link.