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Africans tell Putin of pain from food crisis, Kremlin denies blame

LONDON (Reuters) -Russia said on Friday it was not to blame for the global food crisis as African Union leaders met President Vladimir Putin to tell him how it was hitting their...

LONDON (Reuters) - Russian President Vladimir Putin met African Union leaders on Friday and the Kremlin said he would tell them that Moscow was not to blame for the growing food crisis affecting their continent.

State TV showed Putin greeting Senegalese President Macky Sall, chairman of the AU, and Moussa Faki Mahamat, chairman of the AU Commission, at the start of talks in the southern Russian resort of Sochi.

Russia's army has seized much of Ukraine's southern coastline in the course of its 100-day war and its warships control access to the country's Black Sea ports. But it continues to blame Ukraine and the West for the resulting halt in Ukrainian grain exports.

"With a high degree of probability and confidence, I can assume that the president will give exhaustive explanations of his vision of the situation with Ukrainian grain," Kremlin spokesman Dmitry Peskov told reporters.

"The president will tell our African friends the real state of affairs, he will explain once again what is happening there, who has mined the ports, what is needed for grain to go, that no-one on the Russian side is blocking these ports," Peskov said.

African countries are acutely affected by the growing crisis, which has sent prices of grains, cooking oils, fuel and fertilizer soaring.

Russia and Ukraine account for nearly a third of global wheat supplies, while Russia is also a key global fertilizer exporter and Ukraine is a major exporter of corn and sunflower oil.

Moscow blames the situation on all the naval mines floating near Ukrainian ports and on Western sanctions which are hitting its own grain and fertiliser exports because of the impact on shipping, banking and insurance.

Russia has said it is ready to allow vessels carrying food to leave Ukraine in return for the lifting of some sanctions, a proposal that Ukraine has described as "blackmail".

In opening comments at Friday's meeting, Putin made no reference to the food crisis but spoke in general terms of Moscow's desire to develop ties with Africa, saying trade turnover had risen by more than 34% in the first few months of this year.

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01-05-2024 10:45:17 (UTC+7)

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1.0658

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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Cập nhật lúc 10:45:15 01/05/2024
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