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Reuters
Reuters
Business
By Polina Devitt and Michelle Nichols

Exclusive-JPMorgan could process another 40 Russian grain export payments - sources

FILE PHOTO: A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. REUTERS/Mike Segar/File Photo

U.S. bank JPMorgan Chase & Co could process another 40 Russian grain export payments, two sources said, as the United Nations seeks to save a deal allowing safe Black Sea exports of Ukrainian grain that Moscow has threatened to quit on May 18.

Reuters reported last week that JPMorgan had processed the first payment for the Russian Agricultural Bank, which was cut off from the SWIFT payment system by the European Union in June over Moscow's 2022 invasion of Ukraine.

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