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Kremlin says West triggered global food crisis with sanctions

LONDON (Reuters) -The Kremlin said on Monday that the West had triggered a global food crisis by imposing the severest sanctions in modern history on Russia over the war in...
Kremlin says West triggered global food crisis with sanctions © Reuters. FILE PHOTO: An employee holds wheat at a grain warehouse near the village of Moskovskoye, outside Stavropol in southern Russia, June 26, 2013. REUTERS/Eduard Korniyenko

LONDON (Reuters) -The Kremlin said on Monday that the West had triggered a global food crisis by imposing the severest sanctions in modern history on Russia over the war in Ukraine.

The war - and the West's attempt to isolate Russia as punishment - have sent the price of grain, cooking oil, fertiliser and energy soaring.

U.N. Secretary-General Antonio Guterres said on Wednesday that he was in intense contact with Russia, Ukraine, Turkey, the United States and the European Union in an effort to restore grain exports from Ukraine as a global food crisis worsens.

Russian President Vladimir Putin, the Kremlin said, agreed with the United Nations assessment that the world faced a food crisis that could cause famine.

"Russia has always been a rather reliable grain exporter," Kremlin spokesperson Dmitry Peskov said.

"We are not the source of the problem. The source of the problem that leads to world hunger are those who imposed sanctions against us, and the sanctions themselves."

Russia and Ukraine together account for nearly a third of global wheat supplies.

Ukraine is also a major exporter of corn, barley, sunflower oil and rapeseed oil, while Russia and Belarus - which has backed Moscow in the war and is also under sanctions - account for over 40% of global exports of the crop nutrient potash.

The United Nations has said 36 countries count on Russia and Ukraine for more than half their wheat imports, including some of the poorest, among them Lebanon, Syria, Yemen, Somalia and Democratic Republic of Congo.

The Kremlin said Ukraine had made commercial shipping impossible by mining its waters.

Ukraine has lost some of its biggest seaports - including Kherson and Mariupol - to Russian occupation, and fears Russia may try to seize a third, Odesa.

Peskov said Russia had not prevented Ukraine exporting grain to Poland by rail - a far slower method - despite the fact that the West was sending in weapons in the opposite direction.

A U.N. food agency official said two weeks ago that nearly 25 million tonnes of grain was stuck in Ukraine due to infrastructure challenges and blocked seaports.

U.S. Secretary of State Antony Blinken accused Russia on Thursday of using food as a weapon by holding supplies "hostage" for not just Ukrainians, but also millions around the world.

Blinken accuses Russia of using food as a weapon in UkraineU.N. chief in talks on restoring Ukraine grain exports amid global food crisisEXCLUSIVE-About 300,000 T of wheat bought by Egypt stranded in Ukraine -tradeFACTBOX-Global food export bansEXPLAINER-What India's u-turn on wheat exports means for world markets

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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