As part of the BlackSea Initiative, both sides agreed to measures ensuring safe navigation andpreventing the use of force or commercial vessels for military purposes. Theinitiative will include vessel inspections to enforce compliance.
The implementation ofthese agreements is contingent upon the removal of sanctions on Russianfinancial institutions, agricultural exporters, and shipping entities. TheKremlin specifically listed the lifting of restrictions on the RussianAgricultural Bank and other financial bodies involved in global food andfertilizer trade, as well as the removal of bans on trade finance operationsand ship servicing.
The agreement allowsfor an extension beyond 30 days, but either side can withdraw if the otherviolates the terms.
However, UkrainianPresident Volodymyr Zelenskiy dismissed this claim, stating that the agreementsdid not hinge on sanctions relief.
"Unfortunately,even now, on the very day of negotiations, we see how the Russians have alreadybegun to manipulate," Zelenskiy said in his nightly video address."They are already trying to distort agreements and deceive both ourintermediaries and the entire world," according to media outlets.
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