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Free AccessBorrell: Russian Attacks On Odesa Will Cause World Shortage Of Grain
EU top diplomat, Josep Borrell, delivering doorstep comments ahead of an EU Foreign Ministers' meeting, has told reporters that a third night of Russian bombardment of Odesa, is going to create "a huge food crisis in the world," adding that if Russia has decided to, not only withdraw from the Black Sea grain initiative, "but destroy [Ukrainian grain], there will be a shortage of grain in the world."
- Borrell says, "We'll discuss how to continue supporting Ukraine in the long-run," including "security commitments and guarantees," which means "increasing the resources of the European Peace Facility."
- Borrell says he has presented a plan "to ensure financial support for Ukraine" in the coming years "which will amount to quite an important amount of money," which he says he hopes ministers will support, but he doesn't "want to give a figure" before a political agreement is in place.
- Politico reports that non-defence support of Ukraine could total 50m euros overs three years.
- Borrell says ministers will also have a teleconference with US Secretary of State Antony Blinken on, "China issues," as the EU continues "reshaping its relationship with China."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.