We didn’t cause world food challenges, it was bound to happen – Russia

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Russia Ukraine Crisis Live Updates

The Russian government has absorbed itself of any blame for the current challenges, bringing the global food value chain to its knees.

According to the Russian government, the current hardship is a result of high demand and rising prices of food, raw materials, and transportation services.

It argued that the current situation in the agricultural space is not a result of happenings within the last two months, but due to a steady trend of happenings on the global stage in the last two years.

“The current situation in the food markets is not a result of two months of this year, but a steady trend of at least two years. Food prices started rising in mid-2020 and reached an all-time high in February 2022.”

“This is a real market shock caused by high demand and rising prices on food, raw materials, and transportation services, including freight, in the post-COVID recovery period.”

This was contained in a statement posted as a thread on its Embassy in Ghana’s Twitter handle on Monday, April 18.

As a result, the Russian government says it cannot be blamed for the current price hikes.

Russia invaded Ukraine in February 2022 following the former Soviet Union leader’s disagreement with NATO’s eastward expansion.

Recent reports have indicated that about 10,000 people have lost their lives following the Russia-Ukraine war.

Several sanctions have been imposed on Russia by developed countries.

Most countries, including Ghana, say the Russia-Ukraine war is directly affecting their economies and agricultural value chain.

 

source: myjoyonline.com

 

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