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G7: They will give $ 5 billion for the food crisis

The war in Ukraine sparked a global famine threat and the Group of Seven (G7the world’s most industrialized nations will commit to up to $ 5 billion to improve global food security;

In a statement issued today, the last day of the G7 summit in Germany, a US official noted that the US will provide more than half of that amountwhich will be given to the efforts to fight hunger in 47 countries and to the funding of regional organizations.

G7 seeks to mobilize emerging economies, many of which have close ties to Russia, to counter the Russian president’s invasion Vladimir Putin in Ukraine, and had invited to its summit in Germany five large low-income democracies to this end.

Concern about food prices

Some developing nations, former victims of Western colonialism, believe that Western protests over Ukraine serve their own purposes and are more concerned about the impact of rising food prices on their populations.

Some blame the shortfall on Western sanctions rather than Russia’s invasion of one of the world’s largest grain producers and the blockade of its ports by Russian forces.

“(Putin)’s actions strangled the production of food and agricultural products and (he) used food as a weapon of war by destroying agricultural stocks, processing facilities (…) and blocking Black Sea ports,” the official said. Reuters, citing the APE-MPE.

About $ 2 billion of the proceeds will go directly to humanitarian aid, while $ 760 million will go to “food aid” to “enhance the resilience and productivity of the world’s food systems”.

Source: News Beast

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