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View all search resultsRussia is a major global exporter of wheat, fertilizer, oil and gas.
This file photo taken on July 12, 2020 shows a view of a wheat field pictured outside the village of Karpenkovo, some 150 km from city of Voronezh, Russia. Wheat prices surged to a new record high on May, 16, 2022 after India decided to ban exports as a heatwave hit production. The price jumped to 435 euros ($453) per tonne as the European market opened. (AFP/Kirill Kudryavtsev)
ussia's foreign ministry said on Monday that attempts by the West and the Group of Seven (G7) 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 neighbor.
Before the war, Ukraine and Russia combined accounted for about 29 percent of wheat production for the world market. Russia is also a major exporter of fertilizer, oil and gas.
"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."
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.
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