Sanctions On Russia Could Send Global Food Prices Soaring Warns Putin

Russian President Vladimir Putin stated that sanctions on Moscow could increase the prices of global food.

Russian President Vladimir Putin said Thursday Western sanctions on Moscow for its actions in Ukraine could send global food prices soaring, as Russia was one of the world's main producers of fertiliser, which is essential to global supply chains.

"Russia and Belarus are some of the biggest suppliers of mineral fertilisers. If they continue to create problems for the financing and logistics of the delivery of our goods, then prices will rise and this will affect the final product, food products," Putin said at a televised government meeting.