WhatsNew2Day
Latest News And Breaking Headlines

G7 pledges $5 billion to fight back against Putin’s war on food

The G7 summit in Germany ended Tuesday with leaders pledging to fight back against Vladimir Putin’s food war with $5 billion to help protect stocks.

President Joe Biden left the summit to fly from Germany to Madrid for a NATO summit after three days in the Bavarian Alps, where Russia’s invasion of Ukraine has dominated affairs.

A senior government official said more than half of the funding — some $2.76 billion — will come from the US to combat Putin’s impact on food security.

His actions have strangled food and agricultural production, used food as a weapon of war, including through the destruction of agricultural storage, processing and testing facilities, the theft of grain and agricultural equipment and the effect of blocked Black Sea ports.

Estimates suggest that up to 40 million people could be pushed into poverty by 2022 as a result of Putin’s war in Ukraine and its secondary effects, especially around food security around the world.

The G7 summit in Germany will conclude on Tuesday with leaders pledging to fight back against Vladimir Putin's food war with $5 billion to help protect supplies, a senior US official said.  From left to right, British Prime Minister Boris Johnson, US President Joe Biden, German Chancellor Olaf Scholz, French President Emmanuel Macron and Italian Prime Minister Mario Draghi meet on the sidelines of the summit this morning

The G7 summit in Germany will conclude on Tuesday with leaders pledging to fight back against Vladimir Putin’s food war with $5 billion to help protect supplies, a senior US official said. From left to right, British Prime Minister Boris Johnson, US President Joe Biden, German Chancellor Olaf Scholz, French President Emmanuel Macron and Italian Prime Minister Mario Draghi meet on the sidelines of the summit this morning

President Joe Biden will fly to Madrid from Munich, Germany, on Tuesday as G7 leaders head to a NATO summit.  Both summits will be dominated by the war in Ukraine and its consequences

President Joe Biden will fly to Madrid from Munich, Germany, on Tuesday as G7 leaders attend a NATO summit. Both summits will be dominated by the war in Ukraine and its consequences

The leaders met at Schloss Emlau, a German seaside resort, where the Bavarian Alps provided a spectacular backdrop for open-air speeches

The leaders met at Schloss Emlau, a German seaside town, where the Bavarian Alps provided a spectacular backdrop for open-air speeches

Like Ukraine, China’s emergence and its impact on global markets put the delegations to the test during their three-day talks.

According to the official, leaders of the US, Germany, France, Italy, the UK, Canada and Japan agreed to develop a joint approach to remedy Beijing’s “unmarketable” international trade practices.

“You will see leaders issue a collective statement, unprecedented in the context of the G7, recognizing the damage caused by China’s non-transparent, market-distorting industrial guidelines,” the official said.

On Monday, they heard from Ukrainian President Volodymyr Zelensky, who added via video link.

He called for urgent help to end the war before the bitter winter months undermined his troops’ ability to fight back.

Hours later, they condemned a “horrific” Russian strike at a busy shopping center in Ukraine’s Kremenchuk.

“Arbitrary attacks on innocent civilians constitute a war crime,” they said.

“Russian President Putin and those responsible will be held accountable.”

About 1,000 customers were reportedly in downtown Kremenchuk when it was hit.

The death toll stood at 18 Tuesday morning, but that number was expected to rise as rescue teams searched the rubble.

People watch as smoke billows after a Russian missile strike hit a crowded shopping center in Ukraine's Kremenchuk on Monday, June 27

People watch as smoke billows after a Russian missile strike hit a crowded shopping center in Ukraine’s Kremenchuk on Monday, June 27

Ukrainian President Volodymyr Zelensky spoke to G7 leaders via video link on Monday, taking the opportunity to urge the US to recognize Russia as a state sponsor of terrorism

Ukrainian President Volodymyr Zelensky spoke to G7 leaders via video link on Monday, taking the opportunity to urge the US to recognize Russia as a state sponsor of terrorism

Tuesday’s announcement on food security highlights another front in Putin’s war.

Russian warships block Ukraine’s Black Sea ports, which account for nearly all of the country’s grain and wheat exports.

The result is a rise in food prices around the world and warnings that as many as 47 million people will face acute hunger this year.

David Miliband, chairman of the International Rescue Committee, recently said: ‘Ukraine has long been the breadbasket, not only for its neighbors in the region or for Europe, but for the world.

Blockades in ports in the Black Sea are holding thousands of tons of wheat, grain and fertilizers hostage – with devastating consequences for millions already entangled in mounting hunger crises worldwide. These blockages must be lifted immediately.’

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More