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Zelenskiy says Russia is 'not ready' for ceasefire on grain ships - Finance news and analysis from Global Banking & Finance Review
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Zelenskiy says Russia is 'not ready' for ceasefire on grain ships

Published by Global Banking & Finance Review

Posted on August 24, 2026

2 min read

· Last updated: August 24, 2026

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Zelenskiy: Russia 'Not Ready' for Ceasefire on Black Sea Grain Ship Attacks

Ongoing Tensions Over Black Sea Grain Ship Attacks

Ukraine's Offer and Russia's Response

KYIV, Aug 24 (Reuters) - Ukrainian President Volodymyr Zelenskiy said Russia was "not ready" for a ceasefire on attacks on ships in the Black Sea carrying agricultural produce, as Moscow wants to extend any deal to cover attacks on Russian refineries and pipelines.

Moscow and Kyiv, major ​players in global agriculture markets, have accused each other of intensified attacks on vessels used for food ⁠exports during Russia's war in Ukraine.

Reuters reported this month that Ukraine had sent Russia an offer to halt attacks on civilian targets in the Black Sea. Russia dismissed the idea, saying it ​saw no grounds for "half-measures" that would offer a respite to ‌the other side.

Zelenskiy's Diplomatic Initiatives

"I spoke with certain leaders. I proposed that they use their vessels to transport food from our ports, and we would not attack their ships if they came to pick up agricultural exports from Russia," Zelenskiy told journalists in remarks cleared for release on Sunday.

Russia's Conditions for Ceasefire

He said that Moscow, however, wanted a quid pro quo whereby it would halt attacks on Ukraine's grain corridor if Kyiv halted strikes on Russian energy infrastructure.

"For (Russia), it’s not about the grain. It’s exclusively about their energy sector, but the two are not comparable," Zelenskiy said.

Any deal to stop Ukraine's strikes on Russian oil refineries and fuel transportation would need to include a reciprocal cessation of attacks on Ukraine's energy system, he said.

Recent Developments and Impact

Russia, which invaded Ukraine in February 2022, did not immediately comment on Zelenskiy's remarks. The Kremlin said on Monday that measures were being taken to minimise the impact of Ukraine's strikes on Russian grain exports.

Ukraine has escalated its strikes on Russian economic targets in recent weeks, including on grain export terminals.

Consequences for Civilians and Infrastructure

Last winter, the harshest of the war, millions of Ukrainians were often left without power and heating as Russia focused its attacks on Ukraine's electricity network, leaving many apprehensive about the months ahead.

(Reporting by Max Hunder; Editing by Daniel Flynn and Timothy Heritage)

Key Takeaways

  • Zelenskiy says Russia is “not ready” to end attacks on grain vessels in the Black Sea unless Kyiv halts strikes on its refineries and pipelines “quid pro quo” – a trade-off Ukraine rejects as disproportionate (businesstimes.com.sg).
  • Ukraine had offered a mutual cessation of attacks on civilian targets in the Black Sea via a third party, aiming to restore vital grain export routes, but Russia dismissed the proposal as “half-measures” and did not formally respond (irishtimes.com).
  • Ongoing escalation has significantly disrupted global food supply: Ukraine’s grain exports plunged—ports in Odesa constrained, terminal operations in Novorossiysk halted—highlighting the broader impact of conflict on agriculture markets (spglobal.com).

References

Frequently Asked Questions

Why did Russia reject the ceasefire proposal on grain ships?
Russia rejected the ceasefire proposal because it wanted any agreement to include a halt to Ukrainian strikes on its refineries and pipelines, not just protection for grain ships.
What does Ukraine propose regarding agricultural exports in the Black Sea?
Ukraine proposed that certain countries use their vessels to transport food from Ukrainian ports, guaranteeing these ships would not be attacked if they also picked up agricultural exports from Russia.
How has the ongoing conflict affected global agriculture markets?
The conflict has intensified attacks on vessels transporting food, leading to disruptions in global agriculture markets, as both Ukraine and Russia are major exporters.
What conditions does Zelenskiy set for a broader ceasefire agreement?
Zelenskiy indicated that a broader ceasefire would require reciprocal cessation of attacks—Ukraine would stop strikes on Russian energy infrastructure if Russia stopped attacking Ukraine's energy system.
What measures is Russia taking to protect its grain exports?
Russia stated that it is implementing measures to minimize the impact of Ukrainian strikes on its grain export infrastructure.

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