EU offers to reconnect Russian bank to secure grain deal as Putin threatens to let agreement expire

The EU wants to reconnect a sanctioned Russian bank to the global financial system to extend a deal allowing Ukraine to export grain during a Russian blockade.
Russia's envoy said there are no grounds to maintain the current grain deal set to end July 18 unless demands are met, including reconnecting the Russian Agricultural Bank to global finance.
The EU is weighing a proposal to allow the Russian Agricultural Bank to set up a subsidiary to reconnect to the global financial network in order to safeguard the deal enabling Ukraine to export food.
Russia wants the resumption of farm equipment and parts supplies, removal of curbs on insurance, and the Russian Agricultural Bank's readmission to the SWIFT system.
The Kremlin expressed little hope the grain deal will continue due to a lack of progress on accompanying pacts, though the EU considers incentives for Russia to extend it.