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UN hopeful for Russian fertiliser exports breakthrough

Friday, December 16, 2022
UN hopeful for Russian fertiliser exports breakthrough © Reuters. Rebeca Grynspan, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD) attends a news conference and gives an update on the Black Sea Grain Initiative in Geneva, Switzerland, December 15, 2022. REUTERS/Denis Balibouse

GENEVA (Reuters) -A U.N. senior official on Thursday voiced optimism that there would be a breakthrough in negotiations to ease exports of Russian fertilisers.

A deal for extending a Black Sea grain export agreement was agreed in November, although Russia complained its concerns about fertiliser exports had not been addressed.

Secretary-General of the U.N. Conference on Trade and Development Rebeca Grynspan, who is in charge of the fertiliser aspect of the deal, said that she has been focused on overcoming remaining obstacles since the renewal.

"I am cautiously optimistic that we can have important progress soon," she told reporters in Geneva. She declined to give further details on the grounds for her optimism.

Russian and Ukrainian representatives have previously discussed allowing Russia to resume ammonia exports, used to make fertilisers, in exchange for a prisoner swap that would release a large number of Ukrainian and Russian prisoners.

The head of the International Committee of the Red Cross (ICRC) said on Wednesday that a major prisoner of war swap deal was a "possibility" in the Ukraine-Russia conflict.

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01-05-2024 10:45:17 (UTC+7)

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 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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