China can intervene: Putin has jeopardized the world's food prices - CNN

According to journalists, Ukrainian grain is the key to world food supply. Prices for wheat and corn have already started to rise. Russian President Vladimir Putin has jeopardized the world of food prices. CNN writes about it. According to journalists, the Kremlin wants to take revenge on the Ukrainians for an explosion on the Crimean bridge. In addition, attacks on Ukrainian ports coincide with the exit of the Russian Federation from the grain agreement.

The publication writes that Ukrainian grain is the key to world food supply. Prices for wheat and corn in the world commodity markets were jumped on Monday, July 17. Then they grew again on Wednesday, July 19, after attack on ports in Ukraine. At the same time, the hope that Russia will join the Black Sea initiative disappeared. As Professor of International Trade and Economic Development of St.

Galen University in Switzerland, Simon Evenett, without a new grain agreement, you can use railways to deliver Ukrainian grain to the ports of Romania or Southeastern Europe. However, everything rests on time and money. In addition, Evenett said China can intervene and press on Russia to return to the grain agreement. Yes, the Chinese territories were severely affected by drought.

"If these drought is as significant as people emphasize it, then Beijing may be forced to use pressure levers to soften it," Evenett said. However, as the expert noted, the likelihood of this is small. Recall that the diplomat told whether the Russian Federation could be returned to the grain agreement. According to Parliamentary David Garland, the next grain agreement may be larger. It can be associated with the end of the war.