G7: Sanctions will not target food, agricultural products from Russia
|The Group of Seven (G7) leaders released a joint statement on Tuesday, calling on all partners to avoid unjustified restrictive trade measures that risk food insecurity.
Additional takeaways
Stands by commitment to keep food and agricultural markets open.
Calls on those partners with large food stockpiles to make them available without distorting markets.
We also commit to scaling up essential nutrition services in countries with the highest burden of malnutrition.
Market reaction
Risk sentiment remains in a better spot so far during this Tuesday’s European session, not allowing the US dollar extend its previous recovery.
The US dollar index is trading muted at around 104.00.
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