Shortage..

 

The Russia-Ukraine war is already taking a dramatic toll on the world economy and placing a huge swath of the world’s population, especially those in developing nations, at an increased risk of harm, the United Nations warned.

The crisis has caused a “perfect storm” of disruptions to global food, energy and financial markets that “threatens to negatively affect the lives of billions of people around the world,” the UN said in a new report.

But they have been greatly exacerbated by the West impact of unprecedented sanctions on Moscow that have thrown global markets off balance.

Russia was also the world’s top exporter of natural gas and its second-largest oil exporter. Russia and Belarus also export roughly one-fifth of the world’s fertilizers.

As a result of the Sanctions, food prices are at the highest levels ever recorded by the United Nations Food and Agriculture Organization, up 34% from this time last year, according to the report.

Crude oil prices, meanwhile, rose 60% year-over-year, and fertilizer prices have more than doubled.

 The Sanctions against Russia is a process of weaponizing economics, oil and food against the world.  Just a thought.