A woman walks past a building destroyed in Odessa. With the ports of Odesa, Chornomorsk and others cut off from the world by Russian warships, supplies can only be moved on land routes that are much less efficient. AFP
A woman walks past a building destroyed in Odessa. With the ports of Odesa, Chornomorsk and others cut off from the world by Russian warships, supplies can only be moved on land routes that are much less efficient. AFP
A woman walks past a building destroyed in Odessa. With the ports of Odesa, Chornomorsk and others cut off from the world by Russian warships, supplies can only be moved on land routes that are much less efficient. AFP
A woman walks past a building destroyed in Odessa. With the ports of Odesa, Chornomorsk and others cut off from the world by Russian warships, supplies can only be moved on land routes that are much l

Germany blames Russia for global food supply problems


Paul Carey
  • English
  • Arabic

German Chancellor Olaf Scholz told Russian President Vladimir Putin on Friday that Moscow bore a "responsibility" for disruptions in the global food supply after its invasion of Ukraine.

Germany's Agriculture Minister, Cem Oezdemir, also criticised grain theft by Russia in eastern Ukraine, as G7 countries met to discuss the effect of the war on the global food supply.

"The chancellor and the Russian president also spoke about the global food situation, which is particularly strained due to Russia's war of aggression," Mr Scholz's office said after a 75-minute call between the leaders.

"The chancellor reminded him that Russia bears a particular responsibility here."

Before the invasion, Ukraine was seen as the world's bread basket, exporting 4.5 million tonnes of agricultural produce a month. It provided 12 per cent of the world's wheat, 15 per cent of its corn and half of its sunflower oil.

But with the ports of Odesa, Chornomorsk and others cut off from the world by Russian warships, supplies can only be moved on land routes that are much less efficient.

Mr Scholz said the conversation with Mr Putin on Friday morning, after a call with Ukrainian President Volodymyr Zelenskyy on Wednesday, was focused on "the war in Ukraine and efforts to end it".

He urged Mr Putin "given the gravity of the military situation and the consequences of the war in Ukraine, especially in Mariupol", to implement a "ceasefire as soon as possible to improve the humanitarian situation and make progress in the search for a diplomatic solution to the conflict".

Mr Scholz also "firmly rejected" Moscow's accusation "that Nazism is widespread in Ukraine".

Chancellor Olaf Scholz leaves after a special meeting of the parliamentary defense committee in Berlin, Germany. AP Photo
Chancellor Olaf Scholz leaves after a special meeting of the parliamentary defense committee in Berlin, Germany. AP Photo

At the start of a meeting in Stuttgart with colleagues from G7 countries, Ukraine, the EU, the OECD and the UN Food and Agricultural Organisation, Mr Oezdemir said Russia was stealing grain from Ukraine.

"This is an especially repugnant form of war that Russia is leading," he said.

Russia was "stealing, robbing, taking for itself grain from eastern Ukraine," Mr Oezdemir said, describing it as an "economic war".

The Russian occupation in the fertile eastern regions of the country would also have an effect on this year's crops.

"Ukraine is in a very difficult situation with regard to grain exports," Ukrainian Agriculture Minister Mykola Solsky said before the meeting.

"We cannot get away from the fact that the harvest will be smaller than last year."

Discussions had already begun on how to move more grain out of Ukraine "over land, by train and along the Danube", which flows from Germany to Ukraine, to "rescue" the produce stuck in the country, Mr Oezdemir said.

Food security was already on the agenda for the G7 meeting of foreign ministers, which began on Thursday in the northern German resort of Wangels.

Ukraine’s Foreign Minister, Dmytro Kuleba, said on Friday that his country was willing to engage in diplomatic talks with Russia to unblock grain supplies and to achieve a political solution to the war in Ukraine, but will not accept ultimatums from Moscow.

Ukraine’s Foreign Minister Dmytro Kuleba, centre, poses with other ministers at the G7 foreign ministers' summit in Germany. Reuters
Ukraine’s Foreign Minister Dmytro Kuleba, centre, poses with other ministers at the G7 foreign ministers' summit in Germany. Reuters

Mr Kuleba said the Ukrainian government had received “no positive feedback” from Russia, which he claimed “prefers wars to talks.”

“We are ready to talk, but we are ready for a meaningful conversation based on mutual respect, not on the Russian ultimatums thrown on the table,” he said outside the meeting.

At that conference, Ukraine again asked the G7 to increase weapons supply to put pressure on Russia.

Mr Kuleba said his talks with G7 ministers had been “helpful, fruitful, very honest and result-oriented". He praised them for the financial and military support they had so far provided to Ukraine.

But he urged Ukraine’s supporters to supply more weapons, including rocket systems and military planes, and to put more pressure on Russia’s economy by increasing sanctions and following Canada’s lead in seizing Russian sovereign assets to pay for rebuilding Ukraine.

The EU’s foreign affairs chief, Josep Borrell, announced plans to give Ukraine another €500 million ($520m) to buy heavy weapons to fend off the Russian invasion.

“We will provide a new tranche of 500 more millions to support the military of Ukraine,” Mr Borrell said.

The funds would be allocated to buy heavy weapons and take the EU’s total financial support for Ukraine to €2 billion, he said.

EU diplomats cautioned that any disbursement requires backing from all of the bloc’s 27 members. Some countries are expressing misgivings, and approval is unlikely before next week.

European Council President Charles Michel, who represents the governments of EU members in Brussels, threw his “full support” behind the plan.

“Time is of the essence,” Mr Michel wrote on Twitter.

Mr Borrell expressed hope of soon getting the bloc’s member states to agree to an oil embargo against Russia, despite resistance from Hungary, which is heavily dependent on Moscow's exports.

French Foreign Minister Jean-Yves Le Drian said the G7 was "very strongly united" in their will to "continue in the long term to support Ukraine's fight for its sovereignty until Ukraine's victory".

British Foreign Secretary Liz Truss also called for more support for Ukraine.

"It is very important at this time that we keep up the pressure on Vladimir Putin by supplying more weapons to Ukraine, by increasing the sanctions," Ms Truss said.

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Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

Match statistics

Dubai Sports City Eagles 8 Dubai Exiles 85

Eagles
Try:
Bailey
Pen: Carey

Exiles
Tries:
Botes 3, Sackmann 2, Fourie 2, Penalty, Walsh, Gairn, Crossley, Stubbs
Cons: Gerber 7
Pens: Gerber 3

Man of the match: Tomas Sackmann (Exiles)

UAE currency: the story behind the money in your pockets
Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

Updated: May 13, 2022, 1:51 PM