On Monday, while visiting a facility that feeds Ukrainian refugees in Warsaw's World Central Kitchen, US Treasury Secretary Janet Yellen pointed to a worsening food crisis caused by a halt in grain exports from Ukraine and Russia..

The US Treasury chief said she would release a new report this week on steps taken by international financial institutions to address food insecurity, a problem exacerbated by the Russian invasion of Ukraine..

“Obviously, the Russian war against Ukraine has exacerbated the problem of food security around the world,” Yellen said.. “The war has an impact not only on Ukraine, and this is something that worries us a lot.”.

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The report will be presented at the upcoming meeting of financial leaders in Bonn. It will highlight that institutions such as the World Bank, the International Monetary Fund and the European Bank for Reconstruction and Development have "

The Treasury Secretary convened the heads of these institutions in April during the spring meeting of the IMF and the World Bank to develop plans to increase support for food production..

Yellen called on the Senate to pass a $40 billion incremental spending bill that includes funding for Ukraine and $5 billion to improve food security..

According to World Bank Director for EU, Europe and Central Asia Gallina Winslett, the amount of financial support for Ukraine from the World Bank has already exceeded $1.95 billion out of the promised $3 billion.. The bank opposes a growing number of restrictions on food exports and price controls, which Winslett says usually cause food to become more scarce.. She stressed that the bank is also focusing on projects to improve the productivity of food systems to reduce food losses and improve efficiency, including more efficient use of fertilizers and moving away from chemical fertilizers..

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