Russian President Vladimir Putin's decision to invade Ukraine could drive prices even higher at a moment when inflation is already rising at the fastest clip in decades
Economists are racing to assess the impact of the attack, which could spark the biggest war in Europe since 1945. The conflict is unlikely to tip the global economy back into recession, they say, but market tumult, the threat of punishing sanctions and potential supply disruptions are already pushing up the wholesale price of energy and some agricultural products. Consumers will pay more for gasoline and food as a result.
Egypt and Turkey are top buyers of Russian wheat. But they won't be the only ones affected if shipments are delayed or sanctions disrupt exports. "Regardless of exactly where foodstuffs go, clearly if there's a shortage generally in the world, then the price is going to be driven up," May said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Vladimir Putin’s Revisionist History of Russia and Ukraine“What you see now is a return to a pre-revolutionary understanding of what Russians are,” the historian Serhii Plokhy says. “We are almost back to the mid-19th century with imperial officers trying to hinder the development of Ukrainian culture and ideas.”
Lire la suite »
Russia-Ukraine Live Updates: Putin announces military operation in UkraineThe U.S. announced a new round of sanctions against Russia Tuesday as Russia evacuates its embassy in Kyiv and Ukraine declares a state of emergency.
Lire la suite »
Russia-Ukraine updates: Putin announces military operation in UkraineRussian President Vladimir Putin announced early Thursday local time that military operations had begun in Ukraine, kicking off a long-feared attack on their European neighbor. LIVE UPDATES:
Lire la suite »
Russia-Ukraine: What to know as explosions boom over UkraineHere are the things to know about the conflict over Ukraine and the security crisis in Eastern Europe.
Lire la suite »
Russia-Ukraine updates: Russia claims it neutralized Ukraine military infrastructure“We condemn in the strongest possible terms Russia’s unprecedented military aggression against Ukraine,” European Council Pres. Charles Michel and European Commission Pres. Ursula von der Leyen say in a joint statement.
Lire la suite »
Ukraine-Russia live updates: Troops enter Ukraine from Belarus, reports sayLIVE UPDATES: CNN and the BBC are reporting that Russian troops have entered Ukraine from neighboring Belarus.
Lire la suite »