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Ukraine War: IMF worried about ban on food, fuel exports

WASHINGTON: The Worldwide Financial Fund (IMF) mentioned on Thursday that it’s involved about 30 nations slicing exports of important commodities, together with meals and gas, because the outbreak of the warfare in Ukraine. The IMF lately welcomed the Indian authorities’s choice to ease the initially introduced restrictions on wheat exports and permit some shipments.

IMF spokesman Gerry Rice mentioned at a information convention right here, “We’re deeply involved by measures resembling banning exports of meals objects, fuels and fertilizers, which may result in value will increase and market volatility on a worldwide scale. So, this problem is way forward of India.” To a question on India, Rice said, “Our monitoring signifies that because the begin of the warfare in Ukraine, about 30 nations have reduce exports of important items, together with meals grains and gas.

So, we’re very involved about it. (IMF Managing Director) Kristalina Georgieva has been fairly vocal on this problem. (First Deputy Managing Director) Geeta Gopinath had additionally raised this problem once more yesterday.” “With respect to India, we welcome its decision to ease the recently announced basic restrictions on the export of wheat and allow some goods to be shipped, including pre-contracted goods and those from countries with food security requirements,” he mentioned. Consists of export. We stay up for additional easing of restrictions not solely from India, but additionally from all of the nations which have carried out them.”

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