US EditionRussia calls for joint food reserves with BRICS to counter Middle East crisis risks
Maslennikov said joint reserves could help blunt supply shocks as a fertilizer shortage could cut major crop yields by half, Reuters reported.
- On Monday, Alexander Maslennikov, Deputy Secretary of Russia's Security Council, proposed creating joint food reserves with BRICS members and former Soviet neighbors to counter global food security risks from the Middle East conflict.
- The Middle East conflict has disrupted shipping through the Strait of Hormuz, prompting the World Bank, International Monetary Fund, and U.N. World Food Programme to warn last week of inevitable food price surges and insecurity.
- Persistent fertilizer shortages could reduce crop yields by half by early summer, fueling the sharpest rise in world food inflation in recent years; officials warn the number of hungry people worldwide could rise to 673 million.
- President Vladimir Putin meets Indonesia's President Prabowo Subianto in the Kremlin on Monday with food security likely to feature on the agenda as Russia targets increased exports to Asia, Africa, and Latin America.
- Russia additionally seeks to raise agricultural exports by half by 2030, intending to expand cooperation through the Eurasian Economic Union, which includes grain exporter Kazakhstan, Belarus, Armenia, and Kyrgyzstan.
10 Articles
10 Articles
Russia Advocates Joint Food Reserves Amid Middle East Crisis
Russia proposes joint food reserves with BRICS and ex-Soviet neighbors to address global food security threats linked to Middle East conflicts. Potential fertilizer shortages could halve crop yields and escalate global food inflation. Russia plans to bolster its agricultural exports as opportunities arise.
Russia calls for joint food reserves with BRICS to counter Middle East crisis risks
Russia, the world's largest wheat exporter, should create joint food reserves with fellow BRICS members and former Soviet neighbours to counter the risks to global food security stemming from the conflict in the Middle East, a senior Russian security official said on Monday.
The escalation of war in the Middle East threatens global food security, alerted the Russian Security Council. However, Moscow is ready to increase food supplies to the countries of Latin America and other regions of the world, added from the agency.
Russia warns of repercussions of closing Strait of Hormuz on global food security - Times Kuwait
The Russian Security Council warned on Monday that any potential closure of the Strait of Hormuz would pose a direct threat to food security in several Middle Eastern countries, while simultaneously affirming that Russia has the capacity to increase its food supplies to address the repercussions of the crisis. In a statement, the Council said, “The continued escalation in the Middle East, particularly in light of the tensions related to Iran, ex…
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