Market News & Headlines >> Putin Willing to Allow Ukraine Grain Exports?

Russian President Vladimir Putin said on Monday that Russia was ready to facilitate the unhindered export of grain from Ukrainian ports in coordination with Turkey, according to a Kremlin readout of talks with Turkish President Tayyip Erdogan.

Discussing the developments in Ukraine, the two presidents emphasized “the need to ensure safe navigation in the Black Sea and the Sea of Azov and to remove the threat of mines in these waters,” the Kremlin said on its website. “Vladimir Putin noted Russia’s willingness to facilitate unimpeded cargo shipping in coordination with its Turkish partners including grain shipments from Ukrainian ports,” the Kremlin said.

Regarding Western sanctions against Russia, Putin, added that Russia would "export substantial amounts of fertiliser and agricultural products if the relevant anti-Russia sanctions were lifted," the Kremlin reported.

Meanwhile, Turkish Foreign Minister Mevlut Cavusoglu said on Tuesday that Russian Foreign Minister Sergei Lavrov will visit Turkey with a military delegation on June 8 to discuss creating a potential sea corridor for Ukrainian agricultural exports.