Ukraine and Russia reach Black Sea’s ceasefire deal after Riyadh talks
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Negotiations between Moscow and Washington in Riyadh concluded yesterday, followed by two separate statements released by the White House—one regarding the agreement with Russia and the other concerning the talks with the Ukrainian delegation.
The statements outline the key points of the agreement: the first point stipulates that both parties commit to ensuring safe navigation in the Black Sea, refraining from using commercial ships for military purposes. Secondly, a ban will be imposed on bombing energy infrastructures—both Russian and Ukrainian.
Ukraine and Russia also agreed on engaging with third-party states that contribute to the creation of energy and maritime agreements and on a joint commitment from both sides to achieve long-term peace. They also agreed on U.S.’ key role, which will act as an intermediary to facilitate exchanges of prisoners, releases of detained civilians, and the return of Ukrainian minors who have been forcibly transferred by Russia.
The White House is also working on restoring Russia to the global market, and Kremlin spokesman Dmitry Peskov stated that the Black Sea agreement will only take effect after the removal of sanctions against Russia's Agricultural Bank (Rosselkhozbank), which manages the export of food and fertilizers — Russia’s main products subjected to transit through the Black Sea. Lastly, the Kremlin has set as a further preliminary condition: the return of Russian banks to the Swift system, from which they were excluded shortly after the start of Ukraine’s invasion in 2022.
The statements outline the key points of the agreement: the first point stipulates that both parties commit to ensuring safe navigation in the Black Sea, refraining from using commercial ships for military purposes. Secondly, a ban will be imposed on bombing energy infrastructures—both Russian and Ukrainian.
Ukraine and Russia also agreed on engaging with third-party states that contribute to the creation of energy and maritime agreements and on a joint commitment from both sides to achieve long-term peace. They also agreed on U.S.’ key role, which will act as an intermediary to facilitate exchanges of prisoners, releases of detained civilians, and the return of Ukrainian minors who have been forcibly transferred by Russia.
The White House is also working on restoring Russia to the global market, and Kremlin spokesman Dmitry Peskov stated that the Black Sea agreement will only take effect after the removal of sanctions against Russia's Agricultural Bank (Rosselkhozbank), which manages the export of food and fertilizers — Russia’s main products subjected to transit through the Black Sea. Lastly, the Kremlin has set as a further preliminary condition: the return of Russian banks to the Swift system, from which they were excluded shortly after the start of Ukraine’s invasion in 2022.