US Offers Support to Russia in Reestablishing International Market Access After Saudi Negotiations
The agreement signifies a change in U.S. policy, focusing on easing restrictions on Russian maritime trade and payments related to food and fertilizer exports.
Following three days of bilateral talks in Riyadh, hosted by Crown Prince Mohammed bin Salman on March 23-25, discussions were held as a follow-up to previous high-level talks between President Donald Trump and Russian President Vladimir Putin.
The agreement outlines that the United States will work towards reducing maritime insurance costs, enhancing Russia’s access to ports and payment systems to facilitate the export of food and fertilizer, which are key sectors of Russia’s economy facing obstacles since the conflict in Ukraine in 2022.
“The United States will help reestablish Russia’s access to the global market for agricultural and fertilizer exports,” the statement affirmed, highlighting U.S. efforts to streamline shipping costs and payment hurdles for these commodities.
Additionally, the talks resulted in security-related commitments for the Black Sea and a renewed commitment to refrain from targeting energy infrastructure in both Russia and Ukraine.
The White House disclosed that both nations have agreed to “ensure safe navigation, eliminate the use of force, and prevent the use of commercial vessels for military purposes in the Black Sea.”
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Both countries appreciated the involvement of third nations in aiding the implementation of maritime and energy agreements, according to the White House.
The White House’s special envoy, Steve Witkoff, who plays a key role in Middle East diplomatic initiatives, noted that U.S. negotiators were anticipating progress, particularly regarding maritime safety in the Black Sea.
For years, Russia has argued that Western restrictions on its food and fertilizer exports disproportionately impact developing nations, despite exemptions on paper for such goods.
The White House reiterated that discussions in Riyadh were “in line with presidential-level talks between President Trump and President Putin.”
Ongoing talks cover other aspects of the Russia-Ukraine conflict, such as cease-fire lines and verification mechanisms.
The White House expressed appreciation to Saudi Arabia for facilitating the talks.
Chris Summers contributed to this report.
