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Ukraine, allies launch $150M grain export plan to aid vulnerable nations

Ukraine, allies launch $150M grain export plan to aid vulnerable nations

Arab Finance: President of Ukraine Volodymyr Zelenskiy has launched a plan worth $150 million under the name of “Grain from Ukraine” to export grain to countries at the highest risk of famine and drought, Reuters reported on November 26th.

The initiative was announced during a summit held in Kyiv by Ukraine along with allied nations.

The country has raised $150 million from more than 20 countries and the European Union (EU) to export grain to countries, such as Ethiopia, Sudan, South Sudan, Somalia, and Yemen, Zelenskiy said.

"We plan to send at least 60 vessels from Ukrainian ports to countries that most face the threat of famine and drought," he noted.

Following the summit, a joint statement was issued stating that the world received 10 million tons fewer agricultural products since the Russian invasion of Ukraine in February than in the same period of 2021.

The food security of millions of people worldwide is “seriously threatened” due to the Russian blockade of Ukrainian ports that occurred earlier at the onset of the war, the statement added.

In the same vein, French President Emmanuel Macron unveiled a contribution of $6.24 million for transporting and distributing Ukrainian grain by the World Food Program to Yemen and Sudan.

"The most vulnerable countries must not pay the price of a war they did not want," he said.

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