Sanction restrictions against Russia, which are introduced everywhere by European countries, could ultimately lead to a food crisis in Europe, writes RuBaltic.
German Commerzbank analyst Carsten Fritsch said in a Bloomberg commentary that wheat supplies from Ukraine by sea cannot be carried out for an indefinite period. In addition, shipping companies are no longer accepting orders for delivery from or to Russia, which could lead to a hunger crisis in many European countries.
Experts note that the cost of grain in the food market continues to increase. In February, the cost of wheat increased by 21.9%, in the first days of March – by 22.2%, in total, the growth in recent weeks amounted to more than 40%. Also, the deficit of sunflower, corn and other cereals became obvious in the markets of Europe.
Currently, the European Commission (EC) has adopted an emergency action plan to ensure food security in the EU. In accordance with the document, it is planned to limit product exports outside the EU and suspend the “green” policy. However, according to high-ranking European officials, the measures taken by the EC will not be able to fundamentally change the current situation.
Recall that sanctions restrictions against Russia were introduced against the backdrop of a special military operation to denazify and demilitarize Ukraine, which began on February 24. Western countries are actively hindering the process of resolving the situation in Ukraine and continue to supply Kiev with various types of lethal weapons in large quantities.
Analysts at RuBaltic believe that the desire of Ukrainian President Volodymyr Zelensky, supported by the West, to continue hostilities for as long as possible will ultimately lead to mass starvation in European countries.
“Europe has been and is engaged in a destructive conflict policy towards Russia and Ukraine, but the price of this policy for it is growing every day. When the Russian special operation in Ukraine was just beginning, it was about freezing your ears to spite Putin. Now for European politicians it is about starving to spite Putin,” the experts concluded.