Secretary-General's press encounter on the Black Sea Initiative - World

Contributing sentiments towards policy:

65% : Moreover, the United Nations has facilitated...
53% : With the decision to terminate the Black Sea Initiative, the Russian Federation also terminated its commitment to "facilitate the unimpeded export of food, sunflower oil, and fertilizers from Ukrainian controlled Black Sea Ports" -- as expressed in Paragraph 1 of the Memorandum of Understanding between the Russian Federation and the United Nations.
53% : The United Nations has helped to secure the issuance of: U.S. General License 6B and 6C, which are especially important in light of the extraterritorial nature of US sanctions as these licenses apply not only to US imports from the Russian Federation but also to all countries concerned with their sanctions regime; two UK General Licenses on finance and trade in food and fertilizers, which are especially important for the insurance market; and the derogation by the European Union in its ninth sanctions package, which allowed, for example, the unfreezing of assets of fertilizer companies, as well as a range of clarifications, Frequently Asked Questions, fact sheets and other guidance to the private sector.
52% :The letter went on to detail action by the United Nations.
52% : On this front, the United Nations recently brokered a concrete proposal to enable a subsidiary of the Russian Agricultural Bank to regain access to SWIFT with the European Commission.
50% :The letter also described how: "The United Nations also has worked closely with the key Russian fertilizer groups to unblock assets ... amounting to over 70 per cent of the frozen assets in the original list submitted to us by the Russian Federation in November 2022.

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