Global food prices at risk as Russia suspends critical grain deal

Published

3 years ago

October 31, 2022

Global food prices are at risk following Russia’s suspension of the UN-brokered grain export deal

NATO is calling on Russia to urgently resume the UN grain export deal with war-torn Ukraine, amid fears for skyrocketing global food prices.

This follows Russia sensationally suspending its part in the trade.

russia has proposed replacing Ukrainian grain on world markets with…stolen Ukrainian grain.
— Defense of Ukraine (@DefenceU) October 29, 2022

So far, Russia has blocked 2 million tons of grain on 176 vessels in the Black Sea, which is enough to feed over 7 million people.

Russia blames Ukraine for the Crimea bridge explosion, and therefore says they will not participate in the critical deal.

The grain export trade is a main driver in keeping global food prices down.

“Any act by Russia to disrupt these critical grain exports is essentially a statement that people and families around the world should pay more for food or go hungry. In suspending this arrangement, Russia is again weaponising food in the war it started.”
U.S. Secretary of State Antony Blinken

The UN says it has indirectly prevented 100 million people from falling into extreme poverty.

UN Chief António Guterres’ says he is ‘deeply concerned’ and will now focus on Russia resuming the essential initiative.

By suspending its participation in the grain deal on a false pretext of explosions 220 kilometers away from the grain corridor, Russia blocks 2 million tons of grain on 176 vessels already at sea — enough to feed over 7 million people. Russia has planned this well in advance 1/2
— Dmytro Kuleba (@DmytroKuleba) October 30, 2022

It follows Russia’s minister of Agriculture claiming Russia will give 500,000 tons of grain to the poorest countries over the coming months.

“Russia is ready to supply the poorest countries with up to 500,000 tons of grain free of charge in the next 4 months.”
Russian Minister of Agriculture Dmitry Patrushev

Russian Minister of Agriculture Dmitry Patrushev

Related Topics:biden Featured grain russia ukraine UN us WAR

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