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Transcripts for BBCNEWS The Context with Christian Fraser 20240604 21:07:00

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over— seen some volatility around this over the — seen some volatility around this over the last 3—4 months. so as soon as there _ over the last 3—4 months. so as soon as there any— over the last 3—4 months. so as soon as there any certainty around whether— as there any certainty around whether the deal will hold or whether— whether the deal will hold or whether russia will suspend the deal which _ whether russia will suspend the deal which happened in november, the insurance — which happened in november, the insurance companies say this is too risky— insurance companies say this is too risky at— insurance companies say this is too risky at the — insurance companies say this is too risky at the moment, they can't guarantee — risky at the moment, they can't guarantee that things will go through— therefore it restricts the amounts — through— therefore it restricts the amounts of finance we can get, because — amounts of finance we can get, because one of the complicated things— because one of the complicated things of— because one of the complicated things of all this is that as soon as a _ things of all this is that as soon as a green— things of all this is that as soon as a green shipment goes, it goes onto a _ as a green shipment goes, it goes onto a boat— as a green shipment goes, it goes onto a boat or train, or whatever. it's onto a boat or train, or whatever. it's then— onto a boat or train, or whatever. it's then ensured by an insurance business. — it's then ensured by an insurance business, but financed by the bank white _ business, but financed by the bank while it's_ business, but financed by the bank while it's there. so we have to make sure that _ while it's there. so we have to make sure that the — while it's there. so we have to make sure that the deal stays in place, because — sure that the deal stays in place, because otherwise the banks can't finance _ because otherwise the banks can't finance it — because otherwise the banks can't finance it because it can't get insurance. _ finance it because it can't get insurance, and that means that even if or weren't — insurance, and that means that even if or weren't happening and it went difficult, _ if or weren't happening and it went difficult, it— if or weren't happening and it went difficult, it would be very difficult, it would be very difficult for the private sector to supply— difficult for the private sector to supply grain. because the finance isn't working. supply grain. because the finance isn't working-— supply grain. because the finance isn't working. another one on this,

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