EU Considering Lifting SanctionsOn On Russian Bank That Will Permit Grain Purchases On SWIFT

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 western media reported on Monday

Reuters: EU weighs concession to Russian bank over Black Sea grain deal -FT

(Reuters) -The European Union is considering a proposal for the Russian Agricultural Bank to set up a subsidiary to reconnect to the global financial network as a sop to Moscow, the Financial Times said on Monday.

With the bank under sanctions, the move aims to safeguard the Black Sea grain deal that allows Ukraine to export food to global markets, the newspaper said.

Russia last week said that it saw no reason to extend the grain deal beyond July 17 because the West had acted in an "outrageous" way over the agreement, though it assured poor countries that Russian grain exports would continue.

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Update #1: EU considering compromise with Russia on SWIFT – FT (RT)

Update #2: EU considering compromise with Russia on SWIFT: report (MEHR News Agency)

WNU Editor: Kyiv is not happy .... EU slammed by Ukraine for 'offering blackmailer' Russian banks sanctions loophole (Express).