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G7: Sanctions will not affect Russian food and agricultural products

The leaders of the Group of Seven (G7) issued a joint publication on Tuesday asking all partners to avoid unjustified trade restrictive measures that put food security at risk.

Highlights

It keeps the commitment to keep food and agricultural markets open.

They ask partners with large food reserves to make them available without distorting markets.

I also know commit to scale up essential nutrition services in countries with the highest burden of malnutrition.

Market reaction

Risk sentiment improves so far in the European session on Tuesday, not allowing the US dollar to extend its earlier rally.

The US Dollar Index is trading flat around 104.00.

Source: Fx Street

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