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.”
Russian invasion bolstered food insecurity: US Treasury Secretary
