
World Business Report
Ceasefire terms: Is Russia lying?
Mar 25, 2025
Alexander Koliander, a specialist from the Centre for European Policy Analysis, dives into the contentious ceasefire terms between Ukraine and Russia. He discusses how Russia's demand for lifting sanctions on banks ties into the credibility of their peace claims. The conversation also touches on the implications for global shipping and food security amid the Black Sea conflict. Alongside this, Koliander briefly explores reshoring in Canada and the surprising decline in orange juice consumption, highlighting the complex factors affecting both markets.
26:27
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Quick takeaways
- Ukraine and Russia's negotiations over Black Sea ceasefire hinge on Russia's demand for sanctions relief, raising concerns about potential exploitation.
- Canadian businesses are contemplating reshoring to capitalize on local resources amid tariff challenges, despite uncertainties affecting supply chain decisions.
Deep dives
Black Sea Ceasefire Negotiations
Recent discussions surrounding a ceasefire in the Black Sea have revealed complexities in negotiations between Russia, Ukraine, and the United States. While an agreement has been reached to ensure safe passage for vessels, Russia has stipulated that this would only be contingent upon lifting sanctions on its banks involved in food and fertilizer trade. Additionally, there are doubts about the efficacy of this agreement, as many believe Russia may exploit the situation to continue its military actions under the guise of targeting military objectives. Maritime operations in the Black Sea have improved since last year, but lingering fears of Russian aggression are still prevalent, especially among shipping companies.
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