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G7 Foreign Ministers Say Situation in Ukraine Worsened Prospects of Global Economy

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The G7 group of nations (the UK, Germany, Italy, Canada, the US, France and Japan) believe the situation in Ukraine worsened the prospects of global economic development,

according to a statement approved by foreign ministers of G7 states on Saturday following a three-day meeting in the Wangels municipality in the north of Germany.

Russia’s actions in Ukraine “are leading to steep price rises in commodity markets and the threats we are now seeing to global food security,” according to the statement.

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