 Mr. Chairman, Excellencies, thank you for the invite me to this meeting. Secretary General Gutierrez, on behalf of the UN family, repeatedly called for the war in Ukraine to stop. Already prior to this crisis, international food prices reached an all-time high two years after the pandemic. It was mostly due to the market conditions, but also high price of energy fertilizers and also for other countries' input and services. As the Russia Federation of Ukraine are important players in the global food market, accounting for nearly 30% of global wheat experts, 20% of maize experts and about 63% of the sunflower oil experts. The war could seriously affect the food security worldwide. The Russia Federation is also a key export of fertilizers. In 2020, it ranks as a top expert of the nitrogen fertilizers, second leading suppliers of the potassium, and the third largest export of the first forest fertilizers. In terms of trade networks, both countries are key suppliers of wheat to many countries in the world. Nearly 50 countries depend on the Russia Federation of Ukraine for at least 30% of the wheat import needs. Of these, 26 countries source over 50% of the wheat imports from these two countries. For 40 or 25 countries rely on the Russia Federation with an important dependency of 30% of more for the nitrogen, potassium, and the first forest fertilizers that will lead to a global decisive impact on all food production for 2023. The war can have multiple implications for the global market and the food security. Wheat is a stable food for over 35% of the world population, and the lack of substitutes is likely to compound the pressure on wheat prices during the current and the next year. Thus, the crisis represents a challenge for food security for many countries, and especially for the low-income food import dependent countries and the vulnerable population groups. In March, the FA Food Price Index reached a new all-time high. In just one month with respect to February, Sarah's price rose by 17.1% and the vegetable oil price by 23.2%, soaring prices for staples, foodstuffs, and fuels are hitting the most of the vulnerable. Health fertilizer prices today are putting at the risk of the future harvest globally. This additional burden comes at a time where the cost of the COVID-19 pandemic is already squeezing the budget of the farmers and the governments. To assess the potential impact of the war, preliminary simulation will and taking use of a scientific model to estimate the impact on prices and the nourishment. The moderate scenario assumes that the export volumes of the grain and the oil seeds would be reduced to most of the minus 10 million tons of wheat and maize. To get a second market, the simulation will prepare with a more severe shock, removing 25 million tons of wheat and maize. And this scenario indicates an additional increase in the number of undernourished people ranging from 7.6 to the 13.1 additional million people between 2022 and 2026 compared to the baseline. To address the impact of the war, Ukraine on the global food security, FAO has released online three comprehensive information notes, two monthly FAO food prices index report, one OPED, and several emergency crisis response report with six proposals. Let me focus on the most relevant one for this meeting. FAO is proposing for the Global Food Import Financing Facility, FAF. Which aims to present a mechanism to respond to the rising food import and input costs. This proposal is complementary to the mechanism we have in the U.A. and the Brentwoods institutions to tackle such a crisis. It can provide detailed and accurate information to the several credit facilities of AMF on the food import needs of the countries and their costs so that the problems on the balance of the permits are identified in advance. The mechanism is strictly based on the age and need and limited to the low and the lower middle income net food importing countries. The FAO has been designed to include a smart conditionality to stabilize that for the future funding. Eligible countries were committed to increase the investment in agri-food systems thus increasing resilience for the future. The FAO has been stressed by FAO for its impact on the global market and would be convenient to administrate and scale up. Excellencies, the conflict intensity and the duration remains uncertain. The disruption of agricultural activities of these two major food producers and exporters are seriously threatening food security directly and indirectly. It is imperative to learn from these two overlapping shocks of the pandemic and the war in Ukraine. The lessons learned is that we need to increase agricultural production and productivity in the world while they are being sustainable. The investment in agri-policy, science and innovation will allow us to achieve this. It is a hard time to work together for ending hunger and the manufacturing in the world. I thank you.