When the war began, many Western countries put sanctions on Russian oil exports, so Russia re-directed much of its supply to India, China and other Asian countries at discounted prices. Pakistan had been talking with Russia about importing discounted crude since February 2022, the month Russia invaded Ukraine. It wants to be able to resume exports of ammonia through a pipeline to Ukraine's port of Pivdennyi and to have the Russian Agricultural Bank reconnected to the SWIFT international payment system - it was axed from the system early in the war as part of sanctions.Īnother commodity that has been brought into the spotlight by the war in Ukraine is oil.Īnd we've just seen reports that the Pakistani government has received its first shipment of discounted crude oil from Russia under a deal between Islamabad and Moscow. It is especially vital to many developing countries, which depend on Ukraine's massive contribution to world grain stocks.Ī three-year memorandum of understanding was signed regarding the deal to convince Russia to be part of it but Russia now says it is unhappy with how the memorandum is being implemented. The deal enables the shipment of millions of tonnes of Ukrainian grain through the blockaded ports. Initiative and at the same time that we are able to go on in our Sure that it will be possible to maintain the Black Sea
He said: "I am concerned and we are working hard in order to make United National Secretary-General Antonio Guterres says he is concerned that Russia will next month pull out of a deal allowing the safe export of grain and fertilisers from three Ukrainian Black Sea ports. We have no recent numbers but in that speech at the end of April, he said that almost 2,300 Ukrainian soldiers had been freed from Russian captivity this way. In April he talked about the same "exchange fund", adding: "Every Russian prisoner of war is an opportunity to exchange our people".
He also thanked Ukrainian soldiers for the "significant replenishment of our exchange fund".īy this, he means the "fund" of Russian prisoners of war, which will eventually allow Ukraine to make a trade for more of its own soldiers. "Although the weather is unfavourable these days - the rains make our task more difficult - the strength of our warriors still yields results, and I thank everyone who is in combat now, everyone who supports our combat brigades in the relevant areas." "The enemy's losses are exactly what we need. He said: "The battles are fierce, but we are moving forward, and this is very important. He says that, despite rain and fierce fighting, Ukrainian forces have made progress. Zelenskyy has published his nightly address.
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