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Russia’s Food Weaponization Means Higher Prices for You

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Russia’s Food Weaponization Means Higher Prices for You

Secretary of State Antony Blinken is speaking out about the escalating issues with the Black Sea Grain Initiative and the potential ramifications for food markets across the world, including right here in the U.S. Highlighting the challenges posed by Russia’s decision to end the initiative, Secretary Blinken emphasized that it sends a clear message that grain and other food products may face obstacles when leaving Ukraine. 

“So the result of Russia’s action today – weaponizing food, using it as a tool, as a weapon in its war against Ukraine – will be to make food harder to come by in places that desperately need it, and have prices rise.  We’re already seeing the market react to this as prices are going up,” he said.

FILE – Exterior view of the grain storage terminal during visit of United Nations Secretary General Antonio Guterres at the Odesa Sea Port, in Odesa, Ukraine, on Aug. 19, 2022. The fate of a wartime deal designed to move food from Ukraine to parts of the world where millions are going hungry is unclear as it faces renewal Monday July 17, 2023. (AP Photo/Kostiantyn Liberov, File)

Such a development is likely to have a profound effect, causing countries, companies, and shippers concerns about the safety of their vessels and personnel in the face of Russian opposition to any food exports from Ukraine, which he called the “breadbasket of the world.”


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The post Russia’s Food Weaponization Means Higher Prices for You appeared first on American Urban Radio Networks.

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