fbpx

Voice of the Commonwealth - The Global Influencer

Voice of the Commonwealth - The Global Influencer

No solutions to food and fuel crisis until Ukraine and Russia return to market, says UN Chief

London, United Kingdom (CU)_ UN Secretary General Antonio Guterres stated that he was seeking negotiations to reintroduce Ukraine and Russian agriculture and fertilizer production to global markets, in order to assist the poor countries in resolving a three-dimensional problem caused by the Ukraine invasion.

Russia’s attack and conquering of Ukraine and economic sanctions on Moscow have hampered the wheat, fertilizers and other food products supply from both countries and also increased the cost of petrol, diesel and gas, resulting in inflation, particularly affecting the developing countries. Russia and Ukraine are the world’s largest exporters of wheat, maize, rapeseed, and sunflower oil, while Russia is the world’s largest provider of critical fertilizers and natural gas.

dailynews.lk

During a meeting with the Nigerian President Muhammadu Buhari at the capital Abuja, Guterres spoke about the current global food crisis. He said, “There is really no true solution to the problem of global food security without bringing back the agriculture production of Ukraine and the food and fertilizer production of Russia and Belarus into the world market despite the war”. He added, “I am determined to see everything to facilitate dialogue that can help achieve these objectives.” According to him, “The impact had set in motion a three-dimensional crisis that is devastating global food energy and financial systems for developing countries”.

According to the International Monetary Fund, the Ukraine war already had a substantial impact on the Middle East and North Africa, and severely affected the low-income nations. Additionally, the IMF cautioned that rising food and energy costs exacerbated by the Ukraine crisis might result in social instability in Africa. According to the IMF, numerous nations south of the Sahara are already experiencing a downtrend in economic development following the pandemic outbreak last year, and the effect will be exacerbated by rising cereals and gasoline prices.

nytimes.com

According to the last month report issued by the UN agency, food prices tracked by the UN’s Food and Agriculture Organization (FAO) increased 12.6 percent during February and March, hitting their highest point since the index’s inception in 1990. Prior to this year, the previous record high was reached in 2011. Africa is heavily reliant on imports for 85 percent of its wheat consumption, with Tanzania, the Ivory Coast, Senegal, and Mozambique experiencing the greatest reliance.

Latest news

Calls to import coal through aggregating agency

KOLKATA (CU)_Over the recent months, there has been an increase power generated through coal in India, both domestic and imported. As of Friday, power...

Related news

Zelenskyy opens the Cannes Film Festival, connects war and film

Cannes, France (CU)_ The 75th Cannes Film Festival began with a focus on Russia's invasion of Ukraine and a live satellite video message from...

The fall of Mariupol is just around the corner

(CU)_Since Russia decided to invade neighbouring Ukraine in late-February, capturing Mariupol has been one of the major goals of the Russian forces. While hundreds...

FIRST BATCH OF LAGOS UMRAH PILGRIMS DEPART SAUDI ARABIA

GLOBAL - Having completed the Ramadan Umrah rites as prescribed by the Holy Prophet Mohammad (SAW), the first batch of Lagos State Ramadan Umrah (Lesser...

Yorgen Fenech’s vast wealth is flight risk, judge says in human rights case

Yorgen Fenech’s considerable assets in several countries, his access to cryptocurrencies and his influential contacts abroad were just a few of the reasons given...

Evidence found linking Suspect to Madeleine McCann’s disappearance

GLOBAL - Investigators continuing to try to explain what happened to three-year-old Madeleine McCann in Portugal 15 years ago claim to have found evidence...

Pope Francis says he isn’t ready to travel to Kyiv ‘yet’

MILAN (CU)_Over the past few weeks, British Prime Minister Boris Johnson, European Commission President Ursula von der Leyen, UN Secretary-General António Guterres and several...

UN chief ‘shocked’ by proximity of Russian attacks

(CU)_The Secretary-General of the United Nations, Antonio Guterres, visited Ukraine on Thursday (28 April), just a couple of days after his meeting with Russian...

Elon Musk’s Twitter Takeover will bring these changes!

California, USA (CU)_ Twitter has accepted Elon Musk's $44 billion acquisition proposal, and the transaction has officially been completed. Even though the transaction is...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Calls to import coal through aggregating agency

KOLKATA (CU)_Over the recent months, there has been an increase power generated through coal in India, both domestic and imported. As of Friday, power...

Over 6000 employees required for Singapore Changi Airport!

            Singapore (CU)_ Changi Airport Group (CAG) has announced the launch of one of the largest recruiting campaigns in Singapore's aviation sector, with more...

One of Australia’s most anticipated mineral exploration targets is about to be drilled

PERTH (CU)_Chalice Mining has finally received long-awaited approvals to work inside a state forest in Western Australia, which would mean one of Australia’s most...

President Hichilema’s vision for Zambia’s vital mining sector

CAPE TOWN (CU)_Zambia's President Hakainde Hichilema recently participated in the annual African Mining Indaba that was held in Cape Town, South Africa. The Zambian...

A clear signal of intent after breaking the trust of Aboriginal Australians

PERTH (CU)_Back in May 2020, Rio Tinto destroyed a 46,000-year-old Aboriginal site in the expansion of… an iron ore mine in Western Australia. Although the...

A marathon trip designed to signal Beijing’s broader ambitions in the Pacific

HONIARA (CU)_Over the recent weeks, China’s growing influence in the Indo-Pacific has come under the spotlight following a controversial security agreement that was signed...

Queen to perform at Platinum Jubilee concert alongside Sir Elton John and Alicia Keys

LONDON (CU)_In less than two weeks, Queen Elizabeth will be celebrating her 70th anniversary of taking the throne. A series of events are scheduled...

Popular Indian Americans are investing in the US T20 cricket league!

California, USA (CU)_ According to recent media reports, popular Indian American business executives including Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen are...

Suhana Khan’s 22nd birthday bash was with the Archies squad!

Mumbai, India (CU)_ Suhana Khan turned 22 this year. The popular star kid celebrated her 22nd birthday with ‘The Archies’ team filled with enjoyment....

Singapore envoy lauds Bangladesh’s electricity and energy sectors

Dhaka, Bangladesh (CU)_ The energy industry of Bangladesh is booming. Recently, Bangladesh began building the 2.4-gigawatt (GW) Rooppur Nuclear Power Plant, which is anticipated...

25 years after the murder, Metropolitan Police still has ‘much to do’

LONDON (CU)_Back in April 1993, Stephen Lawrence, a black British teenager from Plumstead, southeast London, was waiting for a bus in Well Hall Road,...

The transgender community welcomes Pakistan’s Transgender Endowment Fund Bill 2022

Islamabad, Pakistan (CU)_ The transgender community and civil society have lauded the government of Khyber Pakhtunkhwa for passing Pakistan's Transgender Endowment Fund Bill 2022....