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Russia: 2023 will be the most difficult year for the global food market

Pak Sahafat – Russia’s Deputy Prime Minister stating that it was too early to talk about lower prices, said: In terms of global food market conditions, 2023 will be the most difficult year for the global food market.

According to Pak Sahafat News Agency, quoting the Russian news agency Tass, Victoria Abramchenko stated: 2023 will be the most difficult year for the global food market, and it is too early to talk about lower prices.

In an interview with Russia’s RBC television on the sidelines of the St. Petersburg Economic Summit, he said: The threat of global famine due to lack of economic and physical access to food is an objective fact. The situation will only get worse. This situation will affect all parties in the market, but it will be very severe in the poorest countries.

Stating that no one can solve this problem except the United Nations and the Food and Agriculture Organization of the United Nations (FAO),” he said: Solving this problem requires an immediate response from the international community.

Abramchenko said: Political issues must be prevented from affecting the entire food supply chain, especially when this irrational political intervention leads to catastrophic consequences that affect the whole world.

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Russia’s Deputy Prime Minister warned of the consequences of sanctions on fertilizers and other Russian products on world agriculture, saying: Some countries could not provide the fertilizer needed for their farmers, which could disrupt the planting process in these areas and reduce agricultural production.

Abramchenko, meanwhile, did not rule out sanctions against Russia, adding: These developments are unlikely to affect Russia, as it has already mastered methods of curbing inflation in the domestic market.

Russia and Ukraine are the world’s largest suppliers of grain, fertilizer, livestock inputs and oilseeds, and the closure of Ukrainian ports, along with Western sanctions against Russia following Russia’s special operations, has prevented poor countries from accessing these products.

On February 21, the Russian president recognized the independence of the Donetsk and Luhansk People’s Republics in the Donbas region, criticizing the West’s indifference to Moscow’s security concerns.

Three days later, on Thursday, March 26, he announced the start of a special military operation against Ukraine, turning tense Moscow-Kiev relations into a military confrontation.

Conflicts in Ukraine and reactions to Russia’s actions continue.

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