G7 pledges $5 billion to crack down on Putin’s war on food

The G7 summit in Germany ended on Tuesday with leaders pledged $5 billion to protect stocks against Vladimir Putin’s war on food.

President Joe Biden left the summit to fly from Germany to Madrid for a NATO summit after three days in the Bavarian Alps, where the Russian invasion of Ukraine dominated events.

A senior government official said more than half of the funding — about $2.76 billion — will come from the US to combat Putin’s grip on food security.

“His actions have strangled food and agricultural production, used food as a weapon of war, including by destroying agricultural storage, processing and testing facilities, stealing grain and farm equipment, and impacting blockaded Black Sea ports.

“Estimates suggest that up to 40 million people could be pushed into poverty by 2022 as a result of Putin’s war in Ukraine and its side effects, particularly those related to global food security.”

The G7 summit in Germany will end on Tuesday with leaders pledged $5 billion to counter Vladimir Putin's war on food to protect supplies, according to a top US official, according to a senior US official. British Prime Minister Boris Johnson, US President Joe Biden, German Chancellor Olaf Scholz, French President Emmanuel Macron and Italy's Prime Minister Mario Draghi meet on the sidelines of the summit from left to right

The G7 summit in Germany will end on Tuesday with leaders pledged $5 billion to counter Vladimir Putin's war on food to protect supplies, according to a top US official, according to a senior US official. British Prime Minister Boris Johnson, US President Joe Biden, German Chancellor Olaf Scholz, French President Emmanuel Macron and Italy's Prime Minister Mario Draghi meet on the sidelines of the summit from left to right

The G7 summit in Germany will end on Tuesday with leaders pledged $5 billion to counter Vladimir Putin’s war on food to protect supplies, according to a top US official, according to a senior US official. British Prime Minister Boris Johnson, US President Joe Biden, German Chancellor Olaf Scholz, French President Emmanuel Macron and Italy’s Prime Minister Mario Draghi meet on the sidelines of the summit from left to right

President Joe Biden will fly to Madrid from Munich on Tuesday as G7 leaders head out for a NATO summit. Both summits will be dominated by the war in Ukraine and its aftermath

President Joe Biden will fly to Madrid from Munich on Tuesday as G7 leaders head out for a NATO summit. Both summits will be dominated by the war in Ukraine and its aftermath

President Joe Biden will fly to Madrid from Munich on Tuesday as G7 leaders head out for a NATO summit. Both summits will be dominated by the war in Ukraine and its aftermath

The leaders met at Schloss Emlau, a German resort town where the Bavarian Alps provided a spectacular backdrop for open-air speeches

The leaders met at Schloss Emlau, a German resort town where the Bavarian Alps provided a spectacular backdrop for open-air speeches

The leaders met at Schloss Emlau, a German resort town where the Bavarian Alps provided a spectacular backdrop for open-air speeches

In addition to Ukraine, the rise of China and its impact on world markets kept delegations busy during their three-day discussions.

Leaders of the US, Germany, France, Italy, the UK, Canada and Japan agreed to develop a joint approach to correct Beijing’s “non-market” international trade practices, according to the official.

“You will see leaders release a collective statement, unprecedented in the context of the G7, acknowledging the damage caused by China’s opaque, market-distorting industrial policies,” the official said.

On Monday they heard Ukrainian President Volodymyr Zelenskyy join via video link.

He asked for urgent help to end the war before the bitter winter months eroded his troops’ ability to fight back.

Hours later, they condemned a “disgusting” Russian strike at a crowded mall in Kremenchuk, Ukraine.

“Indiscriminate attacks on innocent civilians constitute a war crime,” they said.

“Russian President Putin and those responsible will be held accountable.”

About 1,000 shoppers were believed to be in central Kremenchuk when it was hit.

The death toll stood at 18 as of Tuesday morning, but that number was set to rise as rescue teams sifted through the rubble.

People watch as smoke billows after a Russian missile attack hit a crowded shopping mall in Kremenchuk, Ukraine, Monday June 27

People watch as smoke billows after a Russian missile attack hit a crowded shopping mall in Kremenchuk, Ukraine, Monday June 27

People watch as smoke billows after a Russian missile attack hit a crowded shopping mall in Kremenchuk, Ukraine, Monday June 27

Speaking to G7 leaders via video link on Monday, Ukrainian President Volodymyr Zelenskyy took the opportunity to urge the US to recognize Russia as a state sponsor of terrorism

Speaking to G7 leaders via video link on Monday, Ukrainian President Volodymyr Zelenskyy took the opportunity to urge the US to recognize Russia as a state sponsor of terrorism

Speaking to G7 leaders via video link on Monday, Ukrainian President Volodymyr Zelenskyy took the opportunity to urge the US to recognize Russia as a state sponsor of terrorism

Tuesday’s food security announcement highlights another front in Putin’s war.

Russian warships are blockading Ukraine’s Black Sea ports, which are responsible for nearly all of the country’s grain and wheat exports.

The result has been a rise in food prices around the world and warnings that up to 47 million people will face acute hunger this year.

David Miliband, President of the International Rescue Committee, said recently: “Ukraine has long been the breadbasket not only for its regional neighbors or for Europe, but for the whole world.

“Blockades of Black Sea ports are holding thousands of tons of wheat, grain and fertilizer hostage – with devastating consequences for millions already affected by growing hunger crises around the world. These blockages must be lifted immediately.’

https://www.soundhealthandlastingwealth.com/uncategorized/g7-pledges-5-billion-to-fight-back-against-putins-war-on-food/ G7 pledges $5 billion to crack down on Putin’s war on food

Brian Ashcraft

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