Vladimir Putin still holds two major cards over the West, even as the invasion of Ukraine falters and Russia's economy teeters on the brink of an historically deep recession. Read more:
in an effort to ease crippling sanctions and dissuade further Western backing for Ukraine.have repeatedly failed to achieve key objectives while international sanctions choke. But grain is one area where Putin can still inflict pain.
Russia and Belarus, meanwhile, are the second and third largest producers of potash, a key ingredient in fertilizer. In March, Russia introduced restrictions on fertilizer and grain exports.Continued fighting in Ukraine could cause another 20 percent increase, the UN's Food and Agricultural Organization has warned.
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