September 27, 2022

Biden acknowledged the danger of retribution for sanctions against the Russian Federation

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US President Joe Biden discussed with Western leaders in Brussels a food shortage he says will be real because of the situation in Ukraine, CNN reported on Thursday, March 24.

“The price of sanctions against Russia will have to be known not only by this country. This will affect many countries, including the US and European countries. We had a long discussion in the G7 format. The United States, which is the world’s third-largest wheat producer, and Canada, which is also a major producer, must find a way to increase production and distribute food faster,” Biden said.

He added that grain supplies from the Russian Federation and Ukraine together account for almost 30% of the world’s wheat trade, and called on European and other countries to lift restrictions on food exports to alleviate food shortages.

The American president at a press conference after the summit of the NATO member states added that the harvest in Ukraine will definitely not be the same as always, due to military operations on its territory. The United States announced the Feed the Future Initiative as a preventive measure and pledged more than $10 billion to combat food security threats.

On March 22, Ukrainian leader Volodymyr Zelensky, during a video message to the Italian parliament and people, said that there was a danger of food shortages in different countries of the world due to the situation in Ukraine, which is a major exporter of agricultural products.

On March 16, the UN Conference on Trade and Development reported that the events in Ukraine will lead to shocks in the global economy, causing food and fuel prices to rise. Developed countries will be particularly hard hit by what is happening against the backdrop of rapidly “rising food, fuel and fertilizer prices.”

On March 15, the International Monetary Fund released a forecast according to which the situation in Ukraine and the sanctions imposed by Europe against Russia threaten the EU itself with a “deep recession”, and the entire world economy will feel the negative consequences from them.

In mid-February, due to the aggravation of the situation in the Donbass as a result of shelling by the Ukrainian military, the Donetsk and Lugansk People’s Republics announced the evacuation of the civilian population to the Russian Federation and asked for recognition of independence.

On February 21, Russian President Vladimir Putin signed a corresponding decree. On February 24, Russia launched a special operation to protect the civilian population of Donbass. As Peskov clarified, the special operation has two goals – the demilitarization and denazification of Ukraine. According to him, both of these aspects pose a threat to the Russian state and people.

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