G7 to pledge $5 billion to fight back against Putin’s war on food

The G7 summit in Germany will wrap up on Tuesday with leaders pledging to fight back against Vladimir Putin‘s war on food with $5 billion to help protect supplies, according to a senior U.S. official.

President Joe Biden is scheduled to fly from Germany to Madrid for a NATO summit after three days in the Bavarian Alps, where the Russian invasion of Ukraine has dominated proceedings.

The senior administration official said to expect strong words on China when the summit issues a joint statement. 

And the official said that more than half the funding – some $2.76 billion – will come from the U.S. to fight Putin’s impact on food security.

‘His actions have strangled food and agricultural production, have used food as a weapon of war, including through the destruction of agricultural storage, processing and testing facilities, the theft of grain and farm equipment, and the effect of blockaded back Black Sea ports. 

‘Estimates suggest that up to 40 million people could be pushed into poverty in 2022 as a result of Putin’s war in Ukraine and its secondary effects, most especially around food security around the globe.’

President Joe Biden is due to fly from Munich, Germany, to Madrid on Tuesday as G7 leaders head to a NATO summit. Both summits will be dominated by the war in Ukraine and its fallout

President Joe Biden is due to fly from Munich, Germany, to Madrid on Tuesday as G7 leaders head to a NATO summit. Both summits will be dominated by the war in Ukraine and its fallout

The leaders met at Schloss Emlau, a German resort, where the Bavarian Alps provided a spectacular backdrop for open-air speeches

The leaders met at Schloss Emlau, a German resort, where the Bavarian Alps provided a spectacular backdrop for open-air speeches

As well as Ukraine, the rise of China and its impact on global markets has exercised the delegations during their three days of discussions. 

The leaders of the U.S., Germany, France, Italy, the U.K., Canada and Japan agreed to develop a joint approach to remedying Beijing’s ‘non-market’ international trade practices, according to the official.

‘You’ll see leaders release a collective statement, which is unprecedented in the context of the G7, acknowledging the harms caused by China’s non-transparent, market-distorting industrial directives,’ the official said.

On Monday, they heard from Ukrainian President Volodymyr Zelensky, who joined by videolink.

He asked for urgent help to end the war before the bitter winter months undermined his troops’ ability to fight back. 

Hours later they condemned an ‘abominable’ Russian strike on a crowded  shopping mall in Kremenchuk, Ukraine.

‘Indiscriminate attacks on innocent civilians constitute a war crime,’ they said. 

‘Russian President Putin and those responsible will be held to account.’

Some 1,000 shoppers were believed to be in the Kremenchuk centre when it was hit.

The death toll stood at 18 on Tuesday morning, but that number was expected to increase as rescue teams searched the debris. 

People watch as smoke bellows after a Russian missile strike hit a crowded shopping mall, in Kremenchuk, Ukraine, Monday, June 27

People watch as smoke bellows after a Russian missile strike hit a crowded shopping mall, in Kremenchuk, Ukraine, Monday, June 27

Ukrainian President Volodymyr Zelensky spoke to G7 leaders on Monday by videolink, and used the occasion to urge the US to recognize Russia as a state sponsor of terrorism

Ukrainian President Volodymyr Zelensky spoke to G7 leaders on Monday by videolink, and used the occasion to urge the US to recognize Russia as a state sponsor of terrorism

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