Russia’s war against Ukraine and the resulting sanctions are pushing the world into a food crisis, according to fertilizer and coal billionaire Andrei Melnichenko. The war “has already led to soaring prices in fertilizers which are no longer affordable to farmers,” Melnichenko, the founder of EuroChem, one of Russia’s biggest fertilizer producers, said to Reuters….
Ukraine War Triggering Global Food Crisis, Possible Rise in ‘Chronically Hungry People’
March 14, 2022
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Business & EconomycommoditieseconomyEuropefertilizerhigher food pricesinflationInternationalMarketsRussia Ukraine invasionRussia-Ukraine Warrussian exportswheat productionWorld
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