Russia Strikes Back Against The Western Sanctions: Threatens World’s Food Supplies!

Putins was loud and clear about one thing: everyone that interferes in the conflict with Ukraine is going to suffer the consequences.

And from his long-year reign, we know one thing: he’s strict and ALWAYS stand by his words.

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To fight against Western sanctions over its invasion of Ukraine, Russia might stop exporting fertilizer.

That’s a serious threat to the world’s food supply, given uncertainties regarding fertilizer even before the war erupted last month.

“The Russian Ministry of Industry and Trade recommended halting fertilizer exports until suspensions on transportation in and out of Russia are lifted,” according to the Russian state news agency TASS.

The world’s biggest container ship operators, A.P. Moller-Maersk A/S and Mediterranean Shipping, have stopped serving Russian ports.

“The ministry had to recommend Russian producers temporarily suspend export shipments of Russian fertilizers until carriers resume rhythmic work and provide guarantees that Russian fertilizer exports will be completed in full,” the Russian ministry said in a statement.

Russia produces 50 million tons — 13 percent of the world supply — of potash, phosphate and nitrogen for fertilizer, the report said.

“Failures in fertilizer shipments could have a direct impact on national security in several countries and cause serious food shortages for hundreds of millions of people already in the medium term,” the ministry said.

Russia’s biggest fertilizer companies export to Asia and Brazil.

“Fertilizer issues have been of concern even without the fighting in Ukraine, and costs have been rising “astronomically,” according to the Texas Farm Bureau.

Have we thinken this one through?

I seriously doubt that…

Source

Western JournalWall Street JournalFinancial Post

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