5 Apr 2022 7:39 p.m
Russian trade expert Ibragim Ramazanov has warned of the global food crisis. These fears are based on sanctions because of the Ukraine war. Yemen, Afghanistan, Syria and some African countries could be hardest hit.
Ibragim Ramazanov, a professor at the Department of Trade Policy at Russia’s Plekhanov University of Economics, has predicted a global food crisis amid mounting sanctions pressure in an interview. The sanctions policy against Russia is constantly being tightened against the background of the Ukraine war, and the country is reacting with countermeasures.
According to the expert, the crisis is caused by the disruption in economic relations and logistics of food raw materials and fertilizers, increasing scarcity and rising energy prices. Ramazanov reminded that Russia is one of the main exporters of basic raw materials for the production of grain, fertilizers and energy. Under current conditions, it will not be able to meet the expected world food shortages, it said.
At the same time, the expert believes that there are no alternative sources that can completely replace Russia in the world market for food, fertilizers and energy at the moment.
Although Canada, the United States, France, Australia, Ukraine, Argentina, Romania and several other countries supply grain to the world market alongside Russia, Ramazanov expects their commodity production to fall due to shortages and rising prices for fertilizers, energy and logistics. The trade expert added that there is no sign that any food-exporting countries will benefit from the situation.
On March 28, the Food and Agriculture Organization of the United Nations (FAO) declared that a number of countries were at risk of “famine” due to the crisis in Ukraine. The experts also pointed out that the prices of basic foodstuffs are rising worldwide. Luca Russo, senior analyst for food crises and head of the FAO team for emergency and resilience management, explained that there is a risk of famine in Afghanistan, Syria, Yemen and a number of countries in the Sahel and Horn of Africa.
The Sahel Zone comprises twelve states and is an east-west semiarid transition zone between the Sahara desert in the north and the dry savannah in the south. The Horn includes the states of Somalia, Ethiopia, Djibouti and Eritrea.
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