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Moscow says G7 attempts to isolate Russia make global food crisis worse

Commodities May 16, 2022 06:08PM ET
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© Reuters. FILE PHOTO: Ears of wheat are seen in a field near the village of Zhovtneve, Ukraine, July 14, 2016. REUTERS/Valentyn Ogirenko

(Reuters) - Russia's foreign ministry said on Monday that attempts by the West and the G7 group of nations in particular to isolate Moscow have worsened global food shortages.

G7 foreign ministers promised on Saturday to reinforce Russia's economic and political isolation, continue supplying weapons to Ukraine and work to ease food shortages stemming from Russia's Feb. 24 invasion of its neighbour.

"Attempts to divert Russia economically, financially and logistically from long-standing channels of international cooperation are only exacerbating economic and food crises," the foreign ministry said in a statement on its website.

"It should be noted that it was the unilateral actions of Western countries, primarily from the Group of Seven, that exacerbated the problem of breaking the logistics and financial chains of food supplies to world markets."

Before the war Ukraine and Russia combined accounted for about 29% of wheat production for the world market.

Moscow calls its actions in Ukraine a "special military operation" to disarm Ukraine and protect it from fascists. Ukraine and the West say the fascist allegation is baseless and that the war is an unprovoked act of aggression.

(Reporting in Melbourne by Lidia Kelly; editing by Grant McCool)

Moscow says G7 attempts to isolate Russia make global food crisis worse
 

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Comments (2)
Matthew Lim
SilkRdEconomist May 16, 2022 6:52PM ET
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Because upper midstream cost higher in those countries that used to provide them so the upstream are exported to China to add value then export to downstream in EU US. .....so now those otw to EU US are choked at China ports then obviously landed price rocketed by demand up and logistics cost up and up stream cost up.
Mart Bab
Rubberduck1973 May 16, 2022 6:43PM ET
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Well maybe Russia can help out by getting all their troops out of Ukraine. Since they care so much about food shortages.
 
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