Ukraine, Russia production critical to restoring global food security, UN chief says | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 10, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 10, 2025
Ukraine, Russia production critical to restoring global food security, UN chief says

World+Biz

05 May, 2022, 01:05 pm
Last modified: 05 May, 2022, 01:09 pm

Related News

  • Zelensky says minerals deal with US 'truly equal'
  • UN Security Council adopts neutral US stance on war in Ukraine as Trump pursues end to conflict
  • UN chief alarmed by reports of excessive use of force by security forces against students in Bangladesh
  • Russia warns of direct clash with West over Ukraine
  • US House advances $95 billion Ukraine-Israel package toward Saturday vote

Ukraine, Russia production critical to restoring global food security, UN chief says

Russia's invasion of Ukraine in February has added to volatility in financial markets, sending commodity prices higher and affecting logistics, potentially derailing the economic recovery from Covid-19 in many countries including Nigeria.

05 May, 2022, 01:05 pm
Last modified: 05 May, 2022, 01:09 pm
United Nations Secretary-General, Antonio Guterres speaks during a courtesy visit to Borno State Governor Babagana Zulum in Maiduguri, Nigeria, May 3, 2022. REUTERS/Afolabi Sotunde/File Photo
United Nations Secretary-General, Antonio Guterres speaks during a courtesy visit to Borno State Governor Babagana Zulum in Maiduguri, Nigeria, May 3, 2022. REUTERS/Afolabi Sotunde/File Photo

UN Secretary-General Antonio Guterres said on Wednesday the problem of global food security could not be solved without restoring Ukrainian agricultural production and Russian food and fertilizer output to the world market.

Russia's invasion of Ukraine in February has added to volatility in financial markets, sending commodity prices higher and affecting logistics, potentially derailing the economic recovery from Covid-19 in many countries including Nigeria.

"Our analysis indicates that the war in Ukraine is only making things worse, setting in motion a three-dimensional crisis that is devastating global food, energy and financial systems for developing countries," Guterres told reporters during a maiden visit to Abuja, Nigeria's capital.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"There is really no true solution to the problem of global food security without bringing back the agriculture production of Ukraine and the food and fertilizer production of Russia and Belarus into world markets despite the war," he said.

Guterres said he was determined to facilitate dialogue to help achieve those goals.

He said the United Nations had called for an extra $351 million as part of the overall $1.1 billion for the humanitarian response plan for Nigeria. President Muhammadu Buhari said the continent was concerned that the attention on Russia and Ukraine could crowd out other issues.

Nigeria had to buy emergency supplies of Canadian potash in April after it was unable to import the key fertilizer from Russia due to the impact of Western sanctions, the head of Nigerian sovereign investment authority NSIA said. 

Last month, the International Monetary Fund said the Russian invasion of Ukraine had delivered a further "huge negative shock" to sub-Saharan Africa, driving food and energy prices higher and putting the most vulnerable people at risk of hunger.

The extra pressure comes as many countries are still reeling from the protracted Covid-19 pandemic.

"We need to ensure a steady flow in food and energies through open markets by lifting all unnecessary export restrictions, directing surpluses and reserves to those in need and keeping a lead on food prices to curb market volatility," Guterres said.
 
 

Top News

global food security / UN Chief / Russia-Ukraine Crisis

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • File photo of containers at Chattogram port/TBS
    US buyers push Bangladeshi exporters to share extra tariff costs
  • CA orders police, BGB, Ansar to complete election preparation by December
    CA orders police, BGB, Ansar to complete election preparation by December
  • Representational image. Photo: Collected
    Bangladesh-US two-day tariff talks begin in Washington

MOST VIEWED

  • File Photo: Rajib Dhar/TBS
    Bangladesh faces economic impact as US introduces 35% tariff on exports
  • None saw it coming: What went wrong in Bangladesh’s tariff negotiation with US 
    None saw it coming: What went wrong in Bangladesh’s tariff negotiation with US 
  • Clashes took place between police and protesters in Sylhet on 2 August. Photo: TBS
    Hasina authorised deadly crackdown on protesters during 2024 July uprising, BBC verifies leaked audio
  • Bangladesh Bank Governor Ahsan H Mansur. TBS Sketch
    BB governor asks banks to create forced loans for unpaid import LCs
  • Representational image. Photo: TBS
    35% US tariff to be disastrous for Bangladesh's exports, say economists and exporters
  • Trump's 35% tariff zaps Bangladesh's $8.4 billion export lifeline
    Trump's 35% tariff zaps Bangladesh's $8.4 billion export lifeline

Related News

  • Zelensky says minerals deal with US 'truly equal'
  • UN Security Council adopts neutral US stance on war in Ukraine as Trump pursues end to conflict
  • UN chief alarmed by reports of excessive use of force by security forces against students in Bangladesh
  • Russia warns of direct clash with West over Ukraine
  • US House advances $95 billion Ukraine-Israel package toward Saturday vote

Features

Women are forced to fish in saline waters every day, risking their health to provide for their families. Photo: TBS

How Mongla’s women are bearing the brunt of rising salinity

4h | Panorama
Dr Mostafa Abid Khan. Sketch: TBS

Actual impact will depend on how US retailers respond: Mostafa Abid Khan

1d | Economy
Thousands gather to form Bangla Blockade in mass show of support. Photo: TBS

Rebranding rebellion: Why ‘Bangla Blockade’ struck a chord

2d | Panorama
The Mitsubishi Xpander is built with families in mind, ready to handle the daily carpool, grocery runs, weekend getaways, and everything in between. PHOTO: Akif Hamid

Now made-in-Bangladesh: 2025 Mitsubishi Xpander

3d | Wheels

More Videos from TBS

Leaked audio: Jinping thought Trump was crazy

Leaked audio: Jinping thought Trump was crazy

1h | TBS World
What can be done to counter the impact of US tariffs?

What can be done to counter the impact of US tariffs?

2h | Podcast
Elections can be held before Ramadan if preparations are complete: Press Secretary

Elections can be held before Ramadan if preparations are complete: Press Secretary

3h | TBS Today
US signals tougher action if Gaza ceasefire talks fail

US signals tougher action if Gaza ceasefire talks fail

2h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net