Putin Warns Western Nations That Sanction Will Result in Meals Shortages – Enterprise Insider

• On Tuesday, Reuters reported Putin stated sanctions would result in a worldwide meals disaster. 
• He added that the Kremlin might export solely to international locations which can be pleasant with Russia.
• A Russian official final week referred to as meals a “quiet weapon” within the combat towards Western sanctions. 

Russian President Vladimir Putin stated sanctions imposed by Western nations would result in a worldwide meals disaster, Reuters reported.

Putin stated larger power costs and fertilizer shortages would imply Western nations must print more cash to purchase provides, which might trigger meals shortages in poorer international locations.

“They will inevitably exacerbate food shortages in the poorest regions of the world, spur new waves of migration, and, in general, drive food prices even higher,” Putin stated in a gathering on growing meals manufacturing, Reuters reported.

Putin additionally prompt Russia would not export meals to international locations “hostile” to it.

“We will have to be more careful about food supplies abroad, especially carefully monitor the exports to countries which are hostile to us,” Putin stated, in response to Reuters.

Last week, Dmitry Medvedev, a former Russian president and a senior safety official within the nation, additionally stated Russia “will not supply our products and agricultural products to our enemies.”

That measure could be in retaliation for sanctions, Medvedev stated in a message on his Telegram channel, including that meals was a “quiet weapon”

“We will supply food and crops only to our friends,” he stated.

Both Russia and Ukraine are main exporters of wheat and corn. Russia accounts for nearly 17% of worldwide provide of wheat, which makes it the most important exporter of the crop, in response to an ING report. Ukraine accounts for 12% of wheat supplies and 17% of corn supply.

A World Bank spokesperson previously told Insider’s Urooba Jamal that “the war in Ukraine comes at a bad time for the world.”

“Poor and vulnerable everywhere were already suffering from high inflation and rising food prices, exacerbated by higher energy costs and trade restrictions,” the spokesperson stated. “Shortages of these commodities and broad-based increases in prices could add to inflation pressures and food insecurity.”