‘Wake up’ needed after Russia-Ukraine war: Ramaphosa

2022-06-28 11:54:00 AM

'Wake up' needed after Russia-Ukraine war: Ramaphosa

Business, Technology

'Wake up' needed after Russia-Ukraine war: Ramaphosa

The president was speaking following discussions held at the G7 Leaders’ Summit held in Bavaria, Germany.

“United Nations Secretary-General (António Guterres) explained the initiatives he has been involved in to open the channels so that the grains, cereals and fertilisers that come from Russia and Ukraine can begin to be exported to various parts of the world,” he said.

President Ramaphosa said discussions expanded to a proposition “similar to the one we worked on with the vaccines”, which would culminate in African countries producing their own fertilisers and gaining self-reliance.“We want African countries to be self-reliant when it comes to fertiliser production and we are going to be working with G7 countries. I am particularly pleased and excited that we… should improve fertiliser production on the African continent to secure food security… be it grains or any other type of food commodity. It is fertilisers that are going to help us reach that level.

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the longer he is indifferent to Putin's slaughter of innocents the more irritating he is gona become there and the less Vaseline. BRICS are people enslaving nations grouping together so their criminals can protect each other. These folk will work this one.

Russia defaults on payments: Russia in historic default as Ukraine sanctions cut off paymentsLONDON/NEW YORK, June 27 (Reuters) - Russia defaulted on its international bonds for the first time in more than a century, the White House and Moody's credit agency said, as sweeping sanctions have effectively cut the country off from the global financial system, rendering its assets untouchable. All Russian government assets should now be seized throughout the civilised world! There will also be substantial financial claims against Russia from the Ukraine.

Ukraine latest news: Russia strikes Kyiv residential buildingsUkraine latest news: Russia strikes Kyiv residential buildings Four explosions were heard at Kyiv residential area on Sunday morning as Russian missile hit the place and left some people under the rubble

Ukraine pleads for air defence as Russia targets LysychanskZelensky also asked the G7 for help to export grain from Ukraine and for more sanctions on Russia

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World: Russia defaults on foreign debt for first time since 1918The default is a grim marker in the country’s rapid transformation into an economic, financial and political outcast. The nation’s eurobonds have traded at distressed levels since the start of March, the central bank’s foreign reserves remain frozen, and the biggest banks are severed from the global financial system.

“There are food shortages.Moody’s credit agency later on Monday said that the missed coupon payment constituted a default.Win Ukrainian rescuers carry wounded Russian citizen Ekaterina Volkova from a residential building destroyed by Russian missiles in Kyiv on 26 June, 2022, amid Russian invasion of Ukraine.27 June 2022 - 14:30 Tom Balmforth Ukrainian service members fire a BM-21 Grad multiple rocket launch system, near the town of Lysychansk, Luhansk region, amid Russia’s attack on Ukraine.

Food prices have gone up. There’s a shortage of fertilisers, cereals and grains that Russia and Ukraine produce are not getting through, and this has led to huge shortages and prices have gone up for many developing economy countries. Russia has struggled to keep up payments on $40 billion of outstanding bonds since its invasion of Ukraine on Feb. “United Nations Secretary-General (António Guterres) explained the initiatives he has been involved in to open the channels so that the grains, cereals and fertilisers that come from Russia and Ukraine can begin to be exported to various parts of the world,” he said. President Ramaphosa said discussions expanded to a proposition “similar to the one we worked on with the vaccines”, which would culminate in African countries producing their own fertilisers and gaining self-reliance. “This morning’s news around the finding of Russia’s default, for the first time in more than a century, situates just how strong the actions are that the U. “We want African countries to be self-reliant when it comes to fertiliser production and we are going to be working with G7 countries. “The situation in the city is very difficult,” Gaidai wrote on the Telegram messaging app.

I am particularly pleased and excited that we… should improve fertiliser production on the African continent to secure food security… be it grains or any other type of food commodity., along with allies and partners, have taken, as well as how dramatic the impact has been on Russia’s economy,” the U. It is fertilisers that are going to help us reach that level. “Africa must begin to produce its own fertilisers; we must become economically independent when it comes to food security. official said on the sidelines of a G7 summit in Germany, which U. As much as there is conflict, the silver lining is that it could actually make us wake up and begin to produce our own fertilisers to secure our own food security.” Climate change The president said during deliberations, fruitful discussions were held on climate change and the responsibility that developed countries have to ensure that developing countries are supported in their just energy transitions. President Joe Biden is attending. A European official said that as well as the air defence systems, Zelensky had asked for security guarantees in his address to the G7.

“The G7 countries recognised that many developing economy countries are not responsible for the terrible emissions that have led to climate change and they recognised that they have a responsibility, and also need to pledge solidarity to assist us as we traverse towards (a) renewable energy type of economic development and that they need to make funding available. “They recognised that… they did not live up to their (Paris Climate Accords)… to provide funding for developing economies so that we can begin to mitigate the adverse effects of climate change,” he said.S. President Ramaphosa revealed that negotiations are underway regarding South Africa’s $8.5 billion energy transition deal that was struck at the UN Climate Change Conference in Glasgow last year with Germany committing a further €300 million to the country’s transition. A formal default would be largely symbolic given Russia cannot borrow internationally at the moment and doesn’t need to thanks to plentiful oil and gas export revenues. “Negotiations are still going to ensue as to what that exact package means for us. These also include Ukrainian grain exports, now trapped in ports, which normally feed millions of people across the Middle East, Africa and elsewhere.

But we made it clear…that we will only be able to embark on a (just energy) transition (which) makes sure that the jobs of our mine workers are not adversely affected and the communities that live in and around mining towns are also not adversely affected. “With Russia going into sovereign default the international community has moved into a new, more aggressive phase of its sanctions campaign against Moscow,” said Adam M. “So we need to manage the transition very well. It needs to be done within a timeframe that will enable us to accede to a renewable energy transition particularly as we begin to embrace new technologies such as hydrogen [and] such as fuel cells. The payments in question are $100 million in interest on two bonds, one denominated in U. We need to walk together with our people in full consultation so that no one is ever left behind,” Ramaphosa said. Read: . dollars RU000A0JWHA4= and another in euros RU234748670= , that Russia was due to pay on May 27. Reuters could not confirm the report and the general staff update made no mention of separatists entering the city.