Washington: U.S. Treasury Secretary Janet Yellen said that Russia’s war in Ukraine is to blame for exacerbating “already dire” world food insecurity, with price and supply shocks adding to global inflationary pressures. Yellen told that high-level panel countries should avoid export bans that could further increase prices while stepping up assistance for vulnerable populations and smallholder farmers. “I want to be clear: Russia’s actions are responsible for this,” Yellen said, adding that the United States was working urgently with partners and allies to “help mitigate the effects of Russia’s reckless war on the world’s most vulnerable.”

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

White House says Hamas chose war by refusing to release hostages

The United States has said Hamas chose war by refusing to release…

Israel rejects IPC report and claims no famine in Gaza

Israel rejected the findings of a UN-backed food security report on Friday,…

Lockdown in big cities of Punjab

Federal Minister and NCOC Head Asad Umar announced strict restrictions for cities…

New IMF program crucial for economic stability: PM Sharif

Prime Minister Shehbaz Sharif said on Thursday that the government was planning…