BRICS Grain Exchange Stalls

Source: Московский Комсомолец | Original Published At: 2026-09-12 13:03:02 UTC

Key Points

• Russian presidential press secretary Dmitry Peskov said there has been no progress on the initiative to create a BRICS grain exchange.
• The final declaration of the BRICS summit in New Delhi had previously noted the importance of continuing work on the grain exchange initiative.
• Russian Foreign Minister Sergey Lavrov called attempts to revive the Black Sea grain initiative through a Russia-Ukraine moratorium on attacks in the Black Sea unacceptable and unrealistic.
• Lavrov said a proposed moratorium on attacks on civilian cargo ships could not be controlled and had previously been abused, while Europe blocked Russian exports.
• Russian Foreign Ministry spokesperson Maria Zakharova said the Black Sea grain initiative had served Western corporate enrichment and that Russia would not show further goodwill amid sanctions.