Friday, May 27, 2022

Putin using Food as his new weapon

Russia Pledges to Maybe Not Starve Millions to Death if Sanctions Are Lifted

One of the side effects of war is economic dislocation. No matter what Vladimir Putin chooses to call his war in Ukraine, it is a war, and it is dislocating markets worldwide. Most of the attention has been on the potential disruption of Russian oil and gas supplies to Europe, but a more significant problem than cold Euros is looming.

Ukraine is one of the world’s leading exporters of wheat and sunflower oil. Because of Putin’s War, Ukrainian products can’t pass through the Black Sea to get to market.

To make matters worse, Russia has closed areas of the Black Sea to all traffic from all nations, no matter what the ships are carrying.

Read about it...

2 comments:

Anonymous said...

Well, that's a bit of good news!

Anonymous said...

If it wasn't for sanctions, we'd be out of business.