G7 to provide funds for food security
The Group of Seven (G7) country leaders have agreed to spend US$4.5 billion on addressing food security issues around the globe exacerbated by rising grain and food costs following Russia's invasion of Ukraine.
The White House says that the United States is pitching in $2.76 billion toward the effort. The funding will be used to assist 47 countries and regional organisations dealing with food insecurity and malnutrition.This comes after British Prime Minister Boris Johnson says Western leaders are “working on”' a plan to free millions of tons of grain stuck in war-torn Ukraine.
Vast amounts of wheat, corn and other grains are stranded in Ukraine, one of the world's largest producers, and because Russian forces have blocked the country's ports.The G7 also sent a strong signal of long-term commitment to Ukraine's future which aims to ensure that Russia pays a higher price for its invasion, while also attempting to alleviate a global hunger crisis, and show unity against climate change.
The leaders pledged to support Ukraine, quote, "for as long as it takes", after conferring by video link with Ukrainian President Volodymyr Zelenskyy.Zelenskyy's address, amid a grinding Russian advance in Ukraine's east, came hours before Ukrainian officials reported a deadly Russian missile strike ona crowded shopping mall in the central city of Kremenchuk.