Finland allocates another EUR 5M to support grain deal

The Government of Finland allocates another EUR 5 million to the World Food Program (WFP) to support the implementation of the Black Sea Grain Initiative.

The Ministry for Foreign Affairs of Finland said this in a statement, Ukrinform reports.

“Through WFP, Finland is supporting both Ukraine and the countries affected by the food crisis. Ukraine will get income it needs and the countries suffering from grain shortage and high prices will get much-needed grain,” said Minister for Development Cooperation and Foreign Trade Ville Skinnari.

The grain shipments also enable WFP to deliver humanitarian assistance to countries worst affected by the food crisis.

With Finland’s support, WFP is buying Ukrainian grain, which it grinds, clears through customs and delivers to the Horn of Africa, among other regions.

It is noted that implementing the Black Sea Grain Initiative will also stabilise global food prices. Finland supported the implementation of the Black Sea Grain Initiative already last year by financing grain shipments from Ukraine to Somalia.

As reported by Ukrinform, at a meeting in Istanbul on November 17, 2022, Ukraine, the United Nations and Turkey agreed to extend the Black Sea Grain Initiative for another 120 days. The initiative was launched on July 22, 2022, and the first vessel with Ukrainian grain left the port of Odesa on August 1.

Photo: aliexpress.com