Wheat harvesting in a field near the village of Solyanoye in the Omsk region, Russia
Turkey's Ziraat Bank could be intermediary for Russian grain export payments
A senior Turkish official says Ziraat would not be involved unless all sides, including the US and the UN, sign off on the agreement.
Thursday 04/05/2023
Wheat harvesting in a field near the village of Solyanoye in the Omsk region, Russia
ISTANBUL - Turkish state lender Ziraat Bank could work as an intermediary to process payments for Russia's grain exports, a senior Turkish official said on Thursday, adding the United States and the United Nations would need to approve each transaction.
Ziraat would not be involved unless all sides sign off on the agreement, the person said, adding talks were ongoing regarding Russian grain exports.
"Ziraat Bank would be an intermediary to transaction with the written approval and commissioning of the United States and the United Nations, like in the example of JP Morgan," the official told Reuters.
"This will not be realised if there is no written approval," the person added, declining to comment on whether Ziraat could be involved in payments for Russian fertiliser exports.