RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Commodities

Russia Denies Responsibility for African Food Shortages.

Victoria Attah by Victoria Attah
September 11, 2023
in Commodities, Economy
Reading Time: 3 mins read
A A
0
Russia  Denies Responsibility for African Food Shortages.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

AlsoRead

NRS Chairman: Fuel Subsidy Could Have Cost N53 Trillion

Tinubu Approves Deep Offshore Reform Aimed at Attracting $50 Billion Investment

Oil Sector FX Demand Surges 115% in 2025 Despite Expanded Local Refining

The Kremlin has reaffirmed Russia’s role as a dependable grain supplier despite facing obstacles created by Western countries, asserting that Russia remains committed to providing grain to global markets. Kremlin spokesman Dmitry Peskov addressed concerns regarding food shortages in Africa, dismissing allegations that Moscow’s actions were contributing to the crisis.

In July, Russia exited an agreement that permitted Ukraine, a significant global grain exporter, to ship its produce through Black Sea ports. This decision was taken amidst Russia’s invasion and military control of Ukrainian waters, as well as Western sanctions impacting Russia’s food and fertilizer exports. The move aimed to stabilize global prices, but concerns arose over potential consequences for food availability.

When queried about claims from Ukraine’s Security Council that Moscow was exacerbating food shortages in Africa, Peskov vehemently rejected the allegations. He termed these accusations “completely baseless” and a “deliberate distortion of reality,” emphasizing that Russia’s actions were not linked to the food shortages experienced on the African continent.

Peskov further highlighted Russia’s commitment to addressing global food challenges, even in the absence of the previous grain agreement. He cited Russia’s initiative to provide free grain to some of the poorest countries in Africa, underlining that Russia continues to take a responsible position despite the challenges.

Russia’s President Vladimir Putin announced plans to donate up to 50,000 tons of grain to six African countries as a measure to alleviate food shortages. While this quantity may not entirely resolve the issue, Russia’s gesture signifies a dedication to helping those in need.

Additionally, Russia has proposed an alternative grain shipment scheme involving Turkey and Qatar. However, Peskov noted that no concrete outcomes have emerged from this initiative yet. The proposed plan includes Qatar guaranteeing deliveries of free grain to African countries, positioning it as an alternative to the Black Sea grain deal.

In the midst of these developments, Turkey has pursued negotiations with Moscow, seeking a return to the previous Black Sea grain agreement. Turkish President Tayyip Erdogan is scheduled to meet Russian President Putin on September 4 in Sochi to discuss issues related to Black Sea grain exports. While Russia’s actions have spurred debates and diplomatic efforts, its commitment to being a responsible grain supplier remains central to its stance in the global food market.

Tags: #UkraineAfrican food shortagesfree grainglobal pricesgrain supplierKremlinQatarRussiasanctionsTurkeyWestern obstacles
Previous Post

Tinubu Expresses Economic Concerns Over African Coups

Next Post

Euro Zone Inflation Surpasses Expectations in August, Posing Challenges for Central Bank

Related News

Petrol Prices Surge in West Africa as Nigeria Removes Subsidies.

NRS Chairman: Fuel Subsidy Could Have Cost N53 Trillion

by Akpan Edidong
August 12, 2026
0

The Chairman of the Nigeria Revenue Service, Zacch Adedeji, has said that Nigeria’s fuel subsidy bill could have ballooned to...

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

Tinubu Approves Deep Offshore Reform Aimed at Attracting $50 Billion Investment

by Victoria Attah
August 12, 2026
0

President Bola Tinubu has approved a major reform of Nigeria’s deep offshore oil and gas investment framework, designed to unlock...

Oil Sector FX Demand Surges 115% in 2025 Despite Expanded Local Refining

by Akpan Edidong
August 10, 2026
0

Nigeria’s foreign exchange demand for oil-sector imports rose sharply by 114.91 per cent in 2025, underscoring the country’s continued reliance...

Senate Committee Frowns at N17 Trillion Loss from Tax Waivers, Urges FIRS Reform

Tax Revenue More Than Doubles to N27.1 Trillion After 113% Surge

by Victoria Attah
August 10, 2026
0

Nigeria’s tax collections have risen by 113 per cent in less than three years, climbing from N12.3 trillion in 2023...

Next Post
Euro Zone Inflation Surpasses Expectations in August, Posing Challenges for Central Bank

Euro Zone Inflation Surpasses Expectations in August, Posing Challenges for Central Bank

Leave a Reply Cancel reply

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

Recommended

Airlines Implement Time-Saving Strategies for More Efficient Operations

Air Peace and United Nigeria Claim Over N2 Billion Losses After Union Disruptions

August 13, 2026
CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

CBN Raises 364-Day T-Bill Rate to 17.59% Despite N4.4 Trillion in Bids

August 13, 2026

Popular Story

  • CBN Allows Oil Companies to Resume Dollar Sales to Banks in Effort to Boost Supply.

    CBN Raises 364-Day T-Bill Rate to 17.59% Despite N4.4 Trillion in Bids

    0 shares
    Share 0 Tweet 0
  • 31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Nigeria lost $1 billion in revenue to crude oil theft in Q1 2022

    0 shares
    Share 0 Tweet 0
  • NNPC Cuts Petrol Price to N900 Per Litre Amid Market Volatility

    0 shares
    Share 0 Tweet 0
  • FG Approves $11.50/Barrel Tax Credit for Shell’s Bonga Southwest Aparo Project

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>