Stock Market News

Food security, Moldova in focus at G7 foreign minister meeting

2022.05.13 07:25

Food security, Moldova in focus at G7 foreign minister meeting
G7 countries foreign ministers walk for dinner during their summit in Weissenhaeuser Strand, Germany May 12, 2022. Foreign ministers pictured: Elizabeth Truss of Britain, Jean-Yves Le Drian of France, Melanie Joly of Canada, Annalena Baerbock of Germany,

By Alexander Ratz and John Irish

WEISSENHAUS, Germany (Reuters) – Foreign ministers from the G7 group of rich nations will discuss how to alleviate food security concerns when they meet in Germany on Friday as fears mount that the war between Russia and Ukraine could further destabilise Moldova.

The annual meeting running until Saturday brings together top diplomats from Britain, Canada, Germany, Italy, France, Japan the United States and the European Union, to the Baltic Sea resort of Weissenhaus.

Talks are set to be dominated by Ukraine and how to manage the consequences of a conflict that could drag on for months, if not longer.

The Ukrainian and Moldovan foreign ministers are also attending on Friday with the West’s most industralised nations set to reaffirm their support for the two countries.

The war in Ukraine has sent global prices for grains, cooking oils, fuel and fertilizer soaring, with United Nations agencies warning that the price hikes will worsen a food crisis in Africa in particular.

The Russian invasion of Ukraine since February has disrupted shipping in the Black Sea, a major route for grains and other commodities, throttling exports from Ukraine and Russia.

“There are 25 million tonnes of grain currently blocked in the Ukrainian port of Odesa, which means food for millions of people in the world that is urgently needed, above all in African countries and in the Middle East,” German Foreign Minister Annalena Baerbock told reporters.

“That’s why we’re sending a clear signal today: we see you, we hear you and we support you,” she said.

Diplomatic sources said the aim was for the seven countries to organise themselves better to find quick and efficient answers to the food crisis.

While U.S. Secretary of State Antony Blinken will not make it due to catching COVID-19, the remaining ministers will aim to reassure Ukraine’s neighbour Moldova.

It is struggling to cope with the refugee flow from its neighbour, but incidents involving pro-Russian separatists in recent weeks in the Transdniestria breakaway region have raised international alarm that Russia’s war in Ukraine could spread over the frontier.

“The country has been weakened because of the war … so we need to confirm our support for Moldova,” a French diplomatic source told reporters.

Indonesian Foreign Minister Retno Marsudi, whose country currently holds the presidency of the Group of 20 Industrialised and Emerging Economies (G20), which also includes Russia, is will also join the meeting on Friday to discuss food security.

A French official said the question of Russia’s presence at the heads of state meeting in November would be brought up.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 84,673.69 3.88%
ethereum
Ethereum (ETH) $ 2,339.25 5.46%
tether
Tether (USDT) $ 0.99879 0.03%
xrp
XRP (XRP) $ 2.19 3.93%
bnb
BNB (BNB) $ 609.81 2.37%
solana
Solana (SOL) $ 136.43 3.94%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.203247 2.62%
cardano
Cardano (ADA) $ 0.647903 4.19%
staked-ether
Lido Staked Ether (STETH) $ 2,336.68 5.60%
tron
TRON (TRX) $ 0.226743 0.68%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,558.66 3.92%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,786.86 5.68%
chainlink
Chainlink (LINK) $ 15.22 0.64%
litecoin
Litecoin (LTC) $ 124.05 8.42%
avalanche-2
Avalanche (AVAX) $ 21.92 1.21%
sui
Sui (SUI) $ 2.87 0.91%
stellar
Stellar (XLM) $ 0.285043 2.32%
the-open-network
Toncoin (TON) $ 3.48 0.86%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 2.68%
leo-token
LEO Token (LEO) $ 9.10 0.73%
hedera-hashgraph
Hedera (HBAR) $ 0.196679 1.30%
usds
USDS (USDS) $ 1.00 0.02%
polkadot
Polkadot (DOT) $ 4.76 3.48%
mantra-dao
MANTRA (OM) $ 7.18 6.16%
weth
WETH (WETH) $ 2,336.81 5.59%
hyperliquid
Hyperliquid (HYPE) $ 20.11 0.85%
ethena-usde
Ethena USDe (USDE) $ 0.999265 0.01%
bitcoin-cash
Bitcoin Cash (BCH) $ 293.23 1.37%
bitget-token
Bitget Token (BGB) $ 4.00 6.39%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,480.42 5.47%
uniswap
Uniswap (UNI) $ 7.97 3.85%
monero
Monero (XMR) $ 215.66 0.16%
whitebit
WhiteBIT Coin (WBT) $ 26.38 1.66%
near
NEAR Protocol (NEAR) $ 3.04 2.52%
aptos
Aptos (APT) $ 6.00 8.42%
pepe
Pepe (PEPE) $ 0.000008 1.04%
dai
Dai (DAI) $ 1.00 0.04%
ondo-finance
Ondo (ONDO) $ 0.982884 0.18%
internet-computer
Internet Computer (ICP) $ 6.39 1.41%
aave
Aave (AAVE) $ 203.40 0.56%
bittensor
Bittensor (TAO) $ 352.55 5.36%
susds
sUSDS (SUSDS) $ 1.04 0.13%
ethereum-classic
Ethereum Classic (ETC) $ 18.80 0.25%
okb
OKB (OKB) $ 45.32 1.48%
gatechain-token
Gate (GT) $ 20.76 2.25%
official-trump
Official Trump (TRUMP) $ 13.26 1.58%
mantle
Mantle (MNT) $ 0.752089 5.54%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.38 7.92%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,642.68 4.01%