Russia has set forth conditions for the Black Sea truce to take effect; the US is willing to lift some sanctions, while the EU is opposed.

The Kremlin released a final statement following talks with US representatives in Saudi Arabia, outlining its conditions for a maritime truce with Ukraine. According to Russia’s statement, the agreement will take effect only after:

1. Sanctions on Rosselkhozbank and other financial institutions that facilitate international trade in food and fertilizers are lifted
2. These financial institutions are reconnected to SWIFT
3. Sanctions on food and fertilizer manufacturing and export companies are removed
4. Restrictions on servicing ships in ports and sanctions on vessels flying the Russian flag are lifted
5. Limits on the supply of agricultural machinery to the Russian Federation are removed

Analysts believe that these arrangements between Russia and the US represent a return to the Black Sea agreement established in 2022.

According to US President Donald Trump, there is notable progress regarding the resolution of Russia’s war against Ukraine, and the US is contemplating a partial lifting of sanctions on Russia as part of the conditions for a truce.

However, the EU rejected Russia’s request to lift restrictions on Rosselkhozbank. The EC emphasized that the EU’s sanctions regime will remain in effect until Russian troops are completely withdrawn from Ukraine.