UN chief: Ukraine war hitting poor nations reliant on wheat

Published 2022년 3월 15일

Tridge summary

The United Nations is expressing concern over the economic impact of the Russia-Ukraine conflict, particularly on developing countries due to increased prices in food, fuel, and fertilizer caused by the disruption in the global supply of sunflower oil and wheat. Secretary-General Antonio Guterres has called for an immediate cease-fire and peace negotiations, as the war is exacerbating the struggles of poor nations, some of which rely heavily on Ukrainian grain. The U.N. is also seeking more funding for humanitarian aid in Ukraine and is shifting its resolution on the humanitarian crisis from the Security Council to the General Assembly, in anticipation of potential vetoes and to gather broader support for its demands.

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Original content

The United Nations chief warned Monday that Russia’s war on Ukraine is holding "a sword of Damocles" over the global economy, especially poor developing countries that face skyrocketing food, fuel, and fertilizer prices and are now seeing their breadbasket "being bombed."Secretary-General Antonio Guterres told reporters that "Russia and Ukraine represent more than half of the world’s supply of sunflower oil and about 30 percent of the world’s wheat" and that "grain prices have already exceeded those at the start of the Arab Spring and the food riots of 2007-2008."He told reporters that 45 African and least developed countries import at least one-third of their wheat from Ukraine and Russia, and 18 of them import at least 50%. These countries include Egypt, Congo, Burkina Faso, Lebanon, Libya, Somalia, Sudan, and Yemen, he said.RUSSIA THREATENS TO PAY FOREIGN DEBTS IN DEVALUED RUBLE AMID CRIPPLING SANCTIONS"All of this is hitting the poorest the hardest and planting the seeds for ...

Source: Foxbusiness