India has welcomed UN Secretary-General Antonio Guterres’ Global Crisis Response Group’s advice for exempting purchases of meals by the World Food Programme for humanitarian help from meals export restrictions with quick impact. India’s Deputy Permanent Representative on the UN Ambassador R Ravindra, talking on the UNSC assembly on the humanitarian scenario in Ukraine on Tuesday, mentioned that India has famous the findings of Guterres’ Global Crisis Response Group Task Team issued final week.
Ravindra mentioned India has additionally welcomed their advice for exempting purchases of meals by the World Food Programme for humanitarian help from meals export restrictions with quick impact. The findings had mentioned that the conflict in Ukraine is setting in movement a three-dimensional disaster – on meals, power and finance – that’s producing alarming cascading results on a world economic system already battered by COVID-19 and local weather change.
The transient mentioned that Ukraine and Russia are among the many world’s breadbaskets and supply round 30 per cent of the world’s wheat and barley, one-fifth of its maize, and over half of its sunflower oil. Russia is the world’s prime pure fuel exporter, and second-largest oil exporter. Together, neighbouring Belarus and Russia additionally export round a fifth of the world’s fertilisers.
Guterres mentioned wheat and maize costs have been very unstable for the reason that conflict started, however are nonetheless 30 per cent increased simply for the reason that begin of the yr. Oil costs are up greater than 60 per cent over the previous yr, accelerating the prevailing developments and pure fuel costs have risen by 50 per cent in latest months.
On meals, past retaining markets open and guaranteeing that meals just isn’t subjected to export restrictions, the transient urges the immediate provision of funds for humanitarian meals help. Food producers, who face increased enter and transport prices, urgently want assist for the subsequent rising season.
On power, it calls on governments to make use of strategic stockpiles and extra reserves to assist ease the power disaster within the quick time period. More importantly, the world must speed up the deployment of renewable power, which isn’t impacted by market fluctuations, to phase-out coal and all different fossil fuels.
Source: www.financialexpress.com”