Putin Says World Faces Food Crisis Due to West’s Sanctions

Russian President Vladimir Putin attends a meeting with the head of the Republic of Ingushetia Makhmud-Ali Kalimatov at the Kremlin in Moscow, Russia March 30, 2022. (Reuters)
Russian President Vladimir Putin attends a meeting with the head of the Republic of Ingushetia Makhmud-Ali Kalimatov at the Kremlin in Moscow, Russia March 30, 2022. (Reuters)
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Putin Says World Faces Food Crisis Due to West’s Sanctions

Russian President Vladimir Putin attends a meeting with the head of the Republic of Ingushetia Makhmud-Ali Kalimatov at the Kremlin in Moscow, Russia March 30, 2022. (Reuters)
Russian President Vladimir Putin attends a meeting with the head of the Republic of Ingushetia Makhmud-Ali Kalimatov at the Kremlin in Moscow, Russia March 30, 2022. (Reuters)

President Vladimir Putin said on Tuesday that Russia must keep a close eye on its food exports to hostile countries because the West's sanctions had fomented a global food crisis and spiraling energy prices.

The West's sanctions over Putin's Feb. 24 invasion of Ukraine have tipped Russia towards its worst economic crisis since the 1991 fall of the Soviet Union, though Moscow says the global impact of the sanctions could be much more significant.

The Kremlin chief cautioned that higher energy prices combined with a shortage of fertilizers would prompt the West to print money to buy up supplies, leading to food shortages among poorer countries.

"They will inevitably exacerbate food shortages in the poorest regions of the world, spur new waves of migration and in general drive food prices even higher," Putin told a meeting on developing food production.

"In these current conditions, a shortage of fertilizers on the global market is inevitable," Putin said. "We will have to be more careful about food supplies abroad, especially carefully monitor the exports to countries which are hostile to us."

One of Putin's allies warned last week that Russia could limit supplies of agriculture products to "friendly" countries only, amid Western sanctions imposed on Moscow.

Russia is the world's largest exporter of wheat, supplying it mainly to Africa and the Middle East, and a major producer of potash, phosphate and nitrogen containing fertilizers - key crop and soil nutrients.

Russia produces more than 50 million tons a year of fertilizers, 13% of the global total. Phosagro, Uralchem, Uralkali, Acron and Eurochem are the biggest fertilizer players.

Sanctions, Putin said, had disrupted logistics for fertilizer supplies from Russia and Belarus while higher prices for natural gas was making fertilizer production more expensive in the West.

In a warning to European states, Putin warned that Moscow would respond in kind to any attempt to nationalize Russian assets, quipping that such action was a "a double-edged weapon".

Putin was speaking a day after Germany said its energy regulator would take control of Gazprom Germania, a gas trading, storage and transmission business which Russia's Gazprom said it was exiting last Friday.

The British government may decide to step in and temporarily run Russian gas giant Gazprom's British retail supply arm.

Putin says Russia's "special military operation" in Ukraine is necessary because the United States was using Ukraine to threaten Russia and Moscow had to defend Russian-speaking people in Ukraine from persecution.

Ukraine has dismissed Putin's claims of persecution and says Russia is fighting an unprovoked war of aggression.



North Korea Condemns US Military Drills with South Korea, Japan

HANDOUT - 21 November 2024, North Korea, Pyongyang: A photo released by North Korea's official Korean Central News Agency (KCNA) on 22 November 2024 shows North Korean leader Kim Jong-un (C) attending the National Defence Development 2024 arms exhibition. Photo: -/kcna/dpa
HANDOUT - 21 November 2024, North Korea, Pyongyang: A photo released by North Korea's official Korean Central News Agency (KCNA) on 22 November 2024 shows North Korean leader Kim Jong-un (C) attending the National Defence Development 2024 arms exhibition. Photo: -/kcna/dpa
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North Korea Condemns US Military Drills with South Korea, Japan

HANDOUT - 21 November 2024, North Korea, Pyongyang: A photo released by North Korea's official Korean Central News Agency (KCNA) on 22 November 2024 shows North Korean leader Kim Jong-un (C) attending the National Defence Development 2024 arms exhibition. Photo: -/kcna/dpa
HANDOUT - 21 November 2024, North Korea, Pyongyang: A photo released by North Korea's official Korean Central News Agency (KCNA) on 22 November 2024 shows North Korean leader Kim Jong-un (C) attending the National Defence Development 2024 arms exhibition. Photo: -/kcna/dpa

North Korea condemned on Saturday recent joint military drills by the United States, South Korea and Japan, warning that it would take immediate actions if needed to defend the state.
Last week, the three countries held a three-day joint exercise, dubbed "Freedom Edge", featuring fighter jets and marine patrol aircraft as well as the US nuclear-powered aircraft carrier, USS George Washington.
"We strongly warn the US and its followers hostile towards the DPRK to immediately stop the hostile acts of further causing provocation and instability that can drive the military confrontation in the Korean peninsula and its vicinity into a real armed conflict," the North's defense ministry said, using the country's official name.
The military would keep all options available and take immediate actions if needed to preemptively control risk, while closely watching military activity by the US and its allies, it said in a statement carried by state media KCNA.