(Bloomberg) — President Joe Biden said that the world will experience food shortages as a result of Russia’s invasion of Ukraine, and production increases were a subject of discussions at a Group of Seven meeting on Thursday.
“It’s going to be real,” Biden said at a news conference in Brussels. “The price of the sanctions is not just imposed upon Russia. It’s imposed upon an awful lot of countries as well, including European countries and our country as well.”
Ukraine and Russia are both major producers of wheat, in particular, and Kyiv’s government has already warned that the country’s planting and harvest have been severely disrupted by the war.
Biden said that at the G-7 summit in Brussels earlier that he and Canadian Prime Minister Justin Trudeau both discussed increasing their nation’s agricultural production to try to make up for shortfalls. Biden said he’s also urging all nations including those in Europe to drop trade restrictions that could restrict exports of food.