The world will face ‘a severe food crisis and famine,’ Zelenskyy says

The world will face ‘a severe food crisis and famine,’ Zelenskyy says


Ukraine’s President Volodymyr Zelenskyy addresses participants at Singapore’s Shangri-La Dialogue summit virtually via a video link on June 11, 2022.

Roslan Rahman | Afp | Getty Images

SINGAPORE — Ukraine President Volodymyr Zelenskyy warned that the world will face a “severe food crisis,” with Russia’s war on his country dragging on, as he virtually addressed the Shangri-La Dialogue in Singapore on Saturday.

Zelenskyy told delegates that his country was unable to export enough food because of Russia’s blockade at Black Sea ports, which was preventing exports from being shipped to other countries.

“The world will face an acute and severe food crisis and famine,” he said, addressing 575 delegates from 40 countries at the dialogue, Asia’s top defense conference.

Ukraine along with Russia are among the largest producers and exporters of wheat and other essential foods like other grains and oils.

“The food [crisis] touches Asia, Europe and Africa. Russia has blocked the Black Sea. Prices are rising. Russia is violating international law,” Zelenskyy said in a question-and-answer session following his speech.

Russia ‘strives to discard’ international law

Zelenskyy said that Russia’s war on Ukraine is a threat to the system of international law — beyond the impact on his country.

Zelenskyy said that Russia has embarked on a “disinformation campaign” and has alleged that its war on Ukraine is “ostensibly something about NATO … about the intention of the West to somehow advance in Europe.”

“But in reality, Russia’s war against Ukraine is not only about Europe, it is about globally important things,” he said.

Russian leadership “strives to discard” all the historical achievements of humankind, especially the system of international law,” said Zelenskyy, calling on countries to ‘break the ability” of Russia to block seas and the freedom of navigation.

“If there had been no international law, and the big fish ate the small fish and the small fish ate shrimps, we would not have existed,” he said, invoking the words of Singapore’s founder Lee Kuan Yew.

Addressing the audience from an undisclosed location in Kyiv, Zelenskyy said that Ukraine will “certainly win” this war that Russia has started, in an occasionally impassioned 20-minute address, which the delegates responded to with lengthy applause. The three-day security dialogue is being held for the first time after a two-year hiatus because of the pandemic.



Source

Brent oil spot price for actual cargo soars to 1, highest level since 2008 financial crisis
World

Brent oil spot price for actual cargo soars to $141, highest level since 2008 financial crisis

The spot price for current physical cargoes of Brent crude oil soared Thursday to $141.36, the highest level since the 2008 financial crisis, according to S&P Global, which tracks the data. The spot price reflects the demand for Brent oil that will be delivered in the next 10 to 30 days. The high price for […]

Read More
Coinbase clears key regulatory hurdle in bid to bolster its stablecoin business
World

Coinbase clears key regulatory hurdle in bid to bolster its stablecoin business

Costfoto | Future Publishing | Getty Images Coinbase received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to operate as a trust bank, the company said Thursday. If finalized, the crypto exchange will be able to operate payment products in addition to its custody business under federal supervision, Coinbase chief […]

Read More
Trump’s Iran war speech paints a grim picture for oil markets with more than 600 million barrels at risk
World

Trump’s Iran war speech paints a grim picture for oil markets with more than 600 million barrels at risk

President Donald Trump has doubled down on the U.S. war against Iran, spiking oil prices Thursday as traders prepare for a longer conflict that will exacerbate the already deep disruption to global energy supplies. The oil market had hoped Trump would present a clear exit strategy during his national address Wednesday night. Instead, the president […]

Read More