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Added on the 23/03/2022 15:55:50 - Copyright : France 24 EN
Fed Chair Jerome Powell announces a quarter-point raise in the US Federal Reserve's benchmark lending rate, "in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to two percent over time." SOUNDBITE
During the concluding G20 Finance ministers' press conference in Bangaluru, the secretary in charge of the Indian Department of Economic affairs, Ajay Seth, says that "all 18 countries felt that the war has got implications on the global economy" and needed to be mentioned. Only China and Russia did not want to sign up to the wording on Ukraine. G20 host India has also refused to condemn Russia, which is New Delhi's biggest arms supplier and has become a major source of oil for India since the invasion. SOUNDBITE
The Turkish flagged Polarnet cargo ship, which departed from Ukraine's port of Chornomorsk on Friday carrying 12,000 tons of corn, docks at the port of Derince in northeastern Turkey. It is the first grain shipment from Ukraine to reach its final destination under a deal between Moscow and Kyiv. The deal brokered by Turkey and the UN lifted a Russian blockade of Ukraine's ports and set terms for millions of tonnes of wheat and other grain to start flowing from silos and ports. IMAGES
The EU's foreign policy chief Joseph Borrell says Russia's blockade of Ukrainian ports is "an issue of life and death" as it threatens grain supplies to tens of thousands of people vulnerable to starvation. SOUNDBITE
The Turkish Foreign minister Mevlut Cavusoglu and his Russian counterpart Sergei Lavrov meet with their delegations in a much awaited meeting in Ankara. Talks are expected to focus on efforts to open a security corridor to ship Ukrainian grain -- cereals and wheat in particular -- stuck in the war-torn country's ports due to a Russian blockade. IMAGES
The impact of the war in Ukraine is spreading worldwide, causing the IMF to sharply downgrade its 2022 global growth forecast to 3.6 percent, IMF chief economist Pierre-Olivier Gourinchas says as he presents the latest World Economic Outlook. SOUNDBITE
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