Tokyo, June 24 (Jiji Press)–Japan plans to announce tens of billions of yen in aid to developing countries hit by soaring food prices at next week’s Group of Seven summit, it said. sources.
Leaders of the G-7 major powers, including Japan, the United States and European countries, will meet at Schloss Elmau in southern Germany from Sunday to Tuesday. They will discuss measures to strengthen global food security, threatened by Russian aggression against Ukraine.
More than 20 million tonnes of grain, including wheat, remain trapped in Ukraine due to Russia’s military blockade of ports on the Black Sea coast. As a result, concerns are growing about food supplies in African countries heavily dependent on Ukrainian wheat and suffering from soaring bread prices.
Food prices could rise further if the war drags on and Ukraine’s grain exports remain blocked.
G-7 leaders are seen adopting a declaration on strengthening food security to help Ukraine secure alternative routes for exports and increase food aid to developing countries.
[Copyright The Jiji Press, Ltd.]