Biden Warns of ‘Real’ Food Shortages After Sanctions That Will Not Stop Ukraine War
Biden Warns of ‘Real’ Food Shortages After Sanctions That Will Not Stop Ukraine War
Biden Warns of ‘Real’ Food Shortages After Sanctions That Will Not Stop Ukraine War
President Joe Biden said on Thursday that the world needs to brace itself for food shortages due to the sanctions that have been imposed on Russia after its invasion of Ukraine.
Biden, who was in Brussels, said the price of these sanctions “is not just imposed upon Russia.”
“It’s imposed upon an awful lot of countries as well, including European countries and our country as well,” he said.
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TREND FORECAST: How will Russia fight against the sanctions being imposed upon it and the scores of businesses and financial institutions leaving the nation? Russia has bolstered itself over a long period of time—even prior to the Ukraine War—in preparation for the assault by creating as much of a self-sufficient economy as possible, in line with our Top 2022 Trend of self-sufficiency. These illegal sanctions will also not stop Russia from continuing its war effort against Ukraine.
Biden called Russia and Ukraine the “breadbasket of Europe in terms of wheat.”
As we reported last week, food and fertilizer prices have sharply spiked since the Ukraine War began: Wheat is up almost 22 percent, barley 32 percent and fertilizers jumped by 40 percent.
The two nations accounted for 75 percent of the world’s sunflower seed oil, 32 percent of the barley, 30 percent wheat and 17 percent of corn exports.
And over the past year, barley prices rocketed up 82 percent, wheat prices spiked 69 percent and corn prices jumped 36 percent.
Biden told reporters that the U.S. and allies are “working out” how alleviate the food shortage issue. A senior administration official told The Hill that the shortage threatens food security for the Middle East and Africa.
David M. Beasley, executive director of the World Food Program, said Ukraine has “only compounded a catastrophe on top of a catastrophe.”
“There is no precedent even close to this since World War II,” he said.
Beasley was prophetic in April 2020 when he warned that the economic shutdown due to COVID-19 “could soon double hunger, causing famines of biblical proportions around the world."
He now says 285 million people in the world face the threat of starving to death, The Associated Press reported. He said his agency needs an additional $9 billion to meet the need.
TREND FORECAST: While President Biden bragged that the sanctions mean “Russian oil will no longer be acceptable at U.S. ports and the American people will deal another powerful blow to Putin’s war machine,” he did not mention that it is also dealing a powerful blow to the American people. The price for premium gas at a Los Angeles gas station hit $7.29 a gallon while regular-grade gas across the U.S. hit $4.17 per gallon.
Again, as we continue to note, the general public is only getting a one-sided view of the sanctions and mandates imposed against Russia, which we forecast will do nothing to alter Moscow’s military posture, but will cause great hardship for the people of the world. SUBSCRIBE FOR MORE FROM THE TRENDS JOURNAL
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