Russia has rightly placed blame on the United States and other Western countries for rising food prices.
RT:
Western countries don’t want to lift restrictions on Russian grain supplies, and are therefore preventing global food prices from falling, a senior Foreign Ministry official in Moscow has said.
Alexander Kinshchak, head of the Ministry’s Middle East and North Africa Department, told RIA news agency in an interview published on Friday that Russia had been forced to adjust export mechanisms as a result of sanctions in recent months.
“US and EU sanctions, which include disconnecting Russian banks from SWIFT and blocking money transfers in dollars and euros, penalizing companies that insure our cargoes, prohibiting Western vessels from entering Russian ports and closing access of domestic merchant fleet to European countries have complicated logistics, including a sharp increase in freight costs,” he explained.
“We had to promptly work out alternative transport and logistics schemes and agree on new channels and forms of financial settlements using other currencies, including the ruble,” Kinshchak said, adding that transportation and insurance prices in the Black Sea have faced additional problems due to “chaotic mining” of its waters by the Ukrainian military.
What is being said here is 100 percent correct. The West went crazy placing sanctions on Russia over the Ukraine and it is these sanctions that caused severe disruptions in the markets.
You also have all the climate regulations that the West has been trying to force on their farmers that risk further disruptions. Most notably we have seen this in the Netherlands but similar restrictions are being pushed in Canada and elsewhere around the West.
The markets were already in a bad spot because of the global virus hoax and the sanctions have sent everything into a tailspin. There is civil unrest happening all over the world because of both rising food and energy costs and the sanctions have been a main driver of this.
