Russia’s war on Ukraine is continuing to boost food prices. While the US and European countries are engaged in economic warfare against Moscow, it appears Russia’s turn to strike back has emerged.
On Thursday, Russian Minister of Industry and Trade Denis Manturov said Russia decided to suspend fertilizer exports. This comes when global food prices are at record highs, and European fertilizer makers are struggling to produce nutrients ahead of the spring growing season, increasing global food inflation risks. Continue reading “Russia To Ban Fertilizer Exports To ‘Not Friendly’ Countries; China Warns US Against Retaliation”
