International

Zelensky blames Russia as world vows response to food shortages

AFP | by Leon Bruneau and Amelie Bottollier-Depois

Global leaders called Tuesday for urgent efforts to address global food insecurity amid fears of disastrous harvests next year, as Ukraine’s president blamed Russia for the crisis and sought the world’s “toughest reaction” against Moscow.

On the sidelines of the United Nations General Assembly, ministers from the European Union, United States, African Union and Spain met on food shortages which are seen as a key factor in conflicts and instability.

Appearing by video link was Ukraine’s Volodymyr Zelensky, who directly accused Moscow of willingly triggering a food crisis.

“Any state that provokes famine, that tries to make access to food a privilege, that tries to make the protection of nations from famine dependent on… the mercy of some dictator — such a state must get the toughest reaction from the world,” Zelensky said.

He blamed Russian blockades and other “immoral actions” for slashing exports from Ukraine, a major agricultural producer.

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“Russia must bear responsibility for this,” he said.

Spanish Prime Minister Pedro Sanchez said Russian President Vladimir Putin, with his February invasion of Ukraine, “is trying to blackmail the international community with food.”

“There is no peace with hunger and we cannot combat hunger without peace,” Sanchez said.

The Group of Seven major industrial powers at a June summit in Germany promised $5 billion to fight food insecurity but German Chancellor Olaf Scholz said there was still “great urgency.”

“The Russian war of aggression has caused and accelerated a multidimensional global crisis. Countries in the Global South with prior vulnerabilities have been hit hardest,” Scholz said.

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President Joe Biden will address the General Assembly on Wednesday and announce new US aid, Secretary of State Antony Blinken said.

In his own address Tuesday, French President Emmanuel Macron said his country will finance shipments of Ukrainian wheat to Somalia which is facing risk of famine.

Ukraine is one of the world’s largest grain producers and the Russian invasion sent global prices soaring.

Russia has cast blame on Western sanctions, an assertion denounced by Washington which says it is not targeting agricultural or humanitarian goods.

Turkey and the United Nations in July brokered a deal between Russia and Ukraine to allow ships with grain to sail through the blockaded Black Sea.

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Putin has recently criticized the deal, pointing to shipments that have headed to Europe. US officials say some of the grain is then processed and sent to poorer countries.

“Despite some of the misinformation that continues to come from Moscow, that grain and other food products are getting where they need to go to the countries most in need, predominantly in the Global South,” Blinken said.

“It’s also helped lower food prices around the world. So it needs to keep going, it needs to be renewed. That is urgent.”

Long-term fears

Concerns are also mounting on the long-term impacts. A recent report by the Ukraine Conflict Observatory, a non-governmental US group, found that around 15 percent of Ukraine grain stocks have been lost since the invasion began.

And experts warn that disruptions in fertilizer shipments could seriously impede future harvests worldwide.

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“It’s very clear that the current food supply disruption and the war in Ukraine is having an impact on the next harvest,” said Alvaro Lario, incoming president of the International Fund for Agricultural Development.

“There’s one or two harvests per year, and already we’re seeing that it’s going to be devastating for next year,” he told AFP, warning that the impact could be “much worse” than Covid.

He called for longer-term action, which would entail billions of dollars of investment, to ensure stability of food supply chains and adapt to a warming climate.

“We know the solutions and we have the institutions to make that happen. What is currently lacking is the political will, in terms of the investment,” he said.

UN Secretary-General Antonio Guterres said recently that the world had enough food in 2022 but that the problem was distribution.

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If the situation does not stabilize this year, in 2023 “we risk to have a real lack of food,” he said.

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.