Shipment insurance

US supports shipment of Russian grain exports amid global food insecurity

The US ambassador to the United Nations said on Tuesday that the Biden administration was supporting the shipment of Russian grain and fertilizer to address rising global food insecurity caused by the war in Ukraine.

Linda Thomas-Greenfield told reporters at UN headquarters that there were no US sanctions on Russian grain and fertilizer shipments, but she said companies were a little nervous and holding back .

Thomas-Greenfield said the United States was ready to give letters of comfort to grain and fertilizer exporters and insurance companies in an effort to get badly needed agricultural products out of Russia.

She said the Biden administration strongly supports UN Secretary-General Antonio Guterres’ efforts to allow grain exports out of Ukraine by rail and across the Black Sea, as well as his work to ensure that food and Russian fertilizers have unlimited access to world markets.

A UN spokesperson said on Tuesday that Rebeca Grynspan, secretary-general of the UN Conference on Trade and Development, visited Moscow on Monday and had constructive talks with the first deputy prime minister. Andrei Belousov on the facilitation of Russian grain and fertilizer exports.

Grynspan was in Washington on Tuesday to meet with US officials, UN spokesman Stephane Dujarric said.

Global hunger levels have reached a new high, said António Guterres. He said Ukraine and Russia together produce almost a third of the world’s wheat and barley and half of its sunflower oil, while Russia and its ally Belarus are the second and third largest producers. potash, a key ingredient in fertilizers.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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