US urged JPMorgan to 'be patient' before halt to processing Russia grain payments

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US urged JPMorgan to 'be patient' before halt to processing Russia grain payments
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By Daphne Psaledakis and Humeyra Pamuk NEW YORK (Reuters) - Washington urged JPMorgan to

"be patient" before the U.S. bank stopped processing agricultural payments for Moscow after it quit a dealBy Daphne Psaledakis and Humeyra Pamuk

"It was JPMorgan's decision, and in fact, we had ... made clear to the Russians that if they could show signs they were returning to the deal, it would be much easier to keep this payment system alive," James O'Brien, head of the State Department's Office of Sanctions Coordination, told Reuters. Western countries have accused Russia of using food as a weapon of war by quitting the Black Sea deal, which had helped bring down global food prices, and then carrying out repeated air strikes on Ukrainian ports and grain stores.U.N. Secretary-General Antonio Guterres told the Security Council on Wednesday that Russia's bombardment was undermining U.N. efforts to help facilitate Russian food and fertilizer exports. To convince Russia to agree to the Black Sea deal, U.N.

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