AVN 48.21 Increased By ▲ 0.81 (1.71%)
BAFL 28.88 Increased By ▲ 0.28 (0.98%)
BOP 3.76 Decreased By ▼ -0.02 (-0.53%)
CNERGY 3.33 Increased By ▲ 0.16 (5.05%)
DFML 10.93 Decreased By ▼ -0.07 (-0.64%)
DGKC 52.81 Decreased By ▼ -0.88 (-1.64%)
EPCL 43.09 Increased By ▲ 0.40 (0.94%)
FCCL 12.43 Increased By ▲ 0.18 (1.47%)
FFL 6.02 Decreased By ▼ -0.01 (-0.17%)
FLYNG 5.97 Increased By ▲ 0.06 (1.02%)
GGL 10.34 Increased By ▲ 0.19 (1.87%)
HUBC 68.96 Decreased By ▼ -0.44 (-0.63%)
HUMNL 5.85 Increased By ▲ 0.05 (0.86%)
KAPCO 22.72 Increased By ▲ 0.57 (2.57%)
KEL 1.83 Increased By ▲ 0.03 (1.67%)
LOTCHEM 29.81 Increased By ▲ 0.89 (3.08%)
MLCF 28.70 No Change ▼ 0.00 (0%)
NETSOL 75.21 Increased By ▲ 1.11 (1.5%)
OGDC 78.47 Decreased By ▼ -0.04 (-0.05%)
PAEL 9.74 Increased By ▲ 0.42 (4.51%)
PIBTL 4.26 Decreased By ▼ -0.06 (-1.39%)
PPL 61.28 Decreased By ▼ -0.37 (-0.6%)
PRL 15.06 Increased By ▲ 0.70 (4.87%)
SILK 1.08 Decreased By ▼ -0.03 (-2.7%)
SNGP 42.62 Decreased By ▼ -0.61 (-1.41%)
TELE 6.95 Increased By ▲ 0.08 (1.16%)
TPLP 11.97 Increased By ▲ 0.03 (0.25%)
TRG 96.97 Increased By ▲ 1.52 (1.59%)
UNITY 13.49 Increased By ▲ 0.24 (1.81%)
WTL 1.15 No Change ▼ 0.00 (0%)
BR100 4,193 Increased By 27.2 (0.65%)
BR30 14,439 Increased By 36.2 (0.25%)
KSE100 41,923 Increased By 255.5 (0.61%)
KSE30 14,873 Increased By 74.3 (0.5%)
Follow us

BRUSSELS: European Union leaders held talks on Thursday with U.N. chief Antonio Guterres on global food security and sanctions imposed on Russia over its invasion of Ukraine, and also endorsed a plan to supply more artillery shells to Kyiv.

Guterres' participation in the EU summit came days after the renewal of a deal brokered by the United Nations and Turkey on the safe export of Ukrainian grain via the Black Sea that is seen as crucial to overcoming a global food crisis.

German Chancellor Olaf Scholz said the bloc wanted "to ensure that Russia's horrible war of aggression against Ukraine would not result in food insecurity in the world".

"We need to ensure that grain exports, for example from Ukraine, can continue," he said.

Estonian Prime Minister Kaja Kallas spoke against any easing of sanctions on Moscow under the grain deal and called for a tighter price cap on Russian oil exports.

Joining by a video, Ukrainian President Volodymyr Zelenskiy said any weakening of sanctions against Russia would be wrong and asked the bloc to speed up deliveries to Kyiv of tanks, ammunition and aircraft, according to an EU official.

Russia’s war in Ukraine to blame for worsening global food insecurity: Yellen

Guterres did not speak to reporters after his talks with the EU leaders. The U.N. said in a statement that he had "provided an update on enhancing global food security through the Black Sea Grain Initiative and efforts to facilitate the exports of Russian food and fertilizers."

The United States has pushed back against Russian demands that Western sanctions be eased before Moscow allows Ukrainian Black Sea grain exports to continue beyond mid-May, saying there are no restrictions on Russian farm products or fertilizers.

Inside the EU, the issue of fertilizer exports is blocking more sanctions against Russia's ally, Belarus. The bloc says new sanctions are needed to stop Belarus from serving as a route to bypass the existing Russia trade restrictions.

But Lithuania opposes what it calls "fertiliser oligarch" exemptions proposed to ensure Belarusian fertilisers continue flowing to third countries, arguing that that would weaken the sanctions regime overall, diplomats said.

Proponents say such carve-outs, similar to those the EU has in place under its sanctions against Russia, are necessary to ensure food security and refute Moscow's charge that EU measures - rather than Russia's invasion - are driving the global crisis.

There was no sign of any breakthrough on the issue at the summit.

Ammunition

The EU leaders endorsed a plan - agreed by foreign ministers on Monday - to send a million artillery shells to Ukraine over the next year.

"We need to support Ukraine to defend itself, we need to continue to show solidarity and avoid any sign of fatigue," European Parliament head Roberta Metsola said after joining the leaders for part of the summit.

Officials say Ukraine is burning through shells at a faster rate than its allies can produce them, prompting a renewed search for ammunition and ways to boost production, which requires more money as the war enters its 14th month.

The EU earmarked 1 billion euros ($1.1 billion) for the swift supply of shells - and possibly missiles - from existing stocks and another 1 billion euros for joint orders by EU countries for more rounds.

The money will come from the European Peace Facility, an EU fund that has already earmarked several billion euros for military aid to Ukraine. On Thursday, the summit began discussions on topping it up with another 3.5 billion euros.

Comments

1000 characters

EU, UN chief discuss Ukraine war, food security and sanctions

Rupee falls against US dollar in inter-bank, but gains in open market

Pakistan proposes inflation target of 21% in estimates for upcoming FY24 budget: report

Zille Shah case: LHC confirms Imran’s pre-arrest bail

CJP Bandial questions if govt has ‘utilised resources’ to trace those behind audio leaks

LHC orders Shah Mahmood Qureshi’s immediate release

Pro-agriculture budget expected by brokerage house

Oil falls as economic fears overshadow Saudi output cut

Flood-hit Pakistanis still waiting on promised rebuild

IMF says immigration can help UK cut inflation

Twitter’s new CEO Linda Yaccarino logs first day in role