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

How Regulatory Costs Approaching 30% Are Raising the Price of Housing in Lagos

External Reserves Climb Above $54 Billion, Highest Level in 18 Years

Global Bond Yields Climb, Pushing Up Fixed Mortgage Rates in Canada

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

Experts Suggest Now Might Be the Ideal Time for Property Investment in the UK

How Regulatory Costs Approaching 30% Are Raising the Price of Housing in Lagos

by Victoria Attah
September 7, 2026
0

Last year a developer in Akoka, Yaba, began blockwork three weeks after receiving a Lagos State Physical Planning Permit Authority...

Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

External Reserves Climb Above $54 Billion, Highest Level in 18 Years

by Jide Omodele
September 7, 2026
0

Nigeria’s external reserves crossed the $54 billion mark on 3 August 2026, reaching their highest level in 18 years. Central...

Global Bond Yields Climb, Pushing Up Fixed Mortgage Rates in Canada

by Victoria Attah
September 7, 2026
0

Bond yields are rising sharply around the world, with some government borrowing costs reaching levels not seen in years. The...

Ghana Reaches Agreement on Eurobond Restructuring: Key Details Explained

Eurobond Yields Reach 8.2% as Investors Price in Long-Term Sovereign Risk

by Stephen Akudike
September 3, 2026
0

Nigeria’s dollar-denominated Eurobonds are trading at yields of up to 8.2 per cent, underscoring the premium international investors continue to...

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

Experts Suggest Now Might Be the Ideal Time for Property Investment in the UK

How Regulatory Costs Approaching 30% Are Raising the Price of Housing in Lagos

September 7, 2026
Battered Commodity Currencies Gain Attention Amid Dollar’s Decline.

External Reserves Climb Above $54 Billion, Highest Level in 18 Years

September 7, 2026

Popular Story

  • Nigeria’s Debt to China Surges by $800 Million in One Year

    31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows

    0 shares
    Share 0 Tweet 0
  • Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    0 shares
    Share 0 Tweet 0
  • Eurobond Yields Reach 8.2% as Investors Price in Long-Term Sovereign Risk

    0 shares
    Share 0 Tweet 0
  • How Regulatory Costs Approaching 30% Are Raising the Price of Housing in Lagos

    0 shares
    Share 0 Tweet 0
  • IMF Forecasts: The Fastest Growing Economies in 2024

    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}
?>