ABSTRACT

Fact Sheet: Preserving Agricultural Trade, Access to Communication, and Other Support to Those Impacted by Russia's War Against Ukraine   [open pdf - 243KB]

From the Document: "In response to Russia's unprovoked and brutal war against Ukraine, the United States, international partners, and allies have imposed unprecedented economic costs on the Government of the Russian Federation and its supporters. The U.S. Department of the Treasury's (Treasury) Office of Foreign Assets Control (OFAC) is issuing this Fact Sheet to make clear that U.S. sanctions issued in response to Russia's further invasion of Ukraine do not stand in the way of, agricultural and medical exports, nongovernmental organization (NGO) activities, Coronavirus Disease 2019 (COVID-19) relief, the free flow of information, humanitarian assistance, and other support to people impacted by Russia's war. Beyond its toll on human life, Russia's war against Ukraine is causing significant harm in the region and the rest of the world. Russian President Vladimir Putin's unprovoked invasion of Ukraine is driving food and energy costs higher for people around the world. His actions have disrupted supply chains of agricultural commodities, destroyed agricultural and transportation infrastructure in Ukraine, and put millions at increased risk of food insecurity. Treasury is deeply concerned about the risks to global food supplies and food prices at a time when many emerging market and developing countries are still struggling to recover from the COVID-19 pandemic. Treasury is working to address food security risks, including bolstering social safety nets for the most vulnerable people; unlocking trade finance to smooth disrupted supply chains for food and critical supplies; strengthening countries' domestic food production; and addressing the macroeconomic impacts of the crisis on the most affected countries."

Publisher:
Date:
2022-04-19
Series:
Copyright:
Public Domain
Retrieved From:
U.S. Department of the Treasury: https://home.treasury.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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