The Director-General of the World Trade Organisation, Dr.
Ngozi Okonjo-Iweala says the Russia-Ukraine war is threatening global
stability.
In a statement on Wednesday, Okonjo-Iweala said the
organization is saddened by the war, which they hoped would have been averted.
With the battle raging on and talks between Ukraine and
Russia yet to yield results, the WTO is concerned about the implications.
“We are also concerned about the trade implications of the
conflict, especially trade in agriculture and food products and the rise in
energy prices and their effects on the impacted population,” Dr Okonjo-Iweala
said.
Dr Okonjo-Iweala warned that the war in Ukraine, a major
wheat exporter, would hurt consumers around the world.
Speaking at a virtual event with IMF Chief, Kristalina
Georgieva, Okonjo-Iweala said the war will have a “big impact on Wheat prices
and prices of bread for ordinary people as well.”
She added that the WTO is praying for “a peaceful and quick
resolution” to the crisis as soon as possible.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com