Posted on 03/10/2022 8:45:09 AM PST by blam
Russia’s war on Ukraine is continuing to boost food prices. While the US and European countries are engaged in economic warfare against Moscow, it appears Russia’s turn to strike back has emerged.
On Thursday, Russian Minister of Industry and Trade Denis Manturov said Russia decided to suspend fertilizer exports. This comes when global food prices are at record highs, and European fertilizer makers are struggling to produce nutrients ahead of the spring growing season, increasing global food inflation risks.
President Vladimir Putin said the fertilizer export ban was a move to ensure stable domestic food prices. This is another sign of growing protectionism worldwide as countries grapple with soaring food prices. Putin said fertilizer markets are deteriorating, making food a lot more expensive.
Notably, Putin added that Russia has agreements with “friendly countries” on fertilizers.
Making matters worse, Interfax, an independent Russian news agency, reported earlier that Moscow is considering retaliatory economic measures to ban exports of certain agricultural products to countries outside the Eurasian Economic Union.
Interfax said Moscow could temporarily ban grain exports to the Eurasian Economic Union (EEU) and ban sugar exports beyond the EEU. This may result in declining food supplies for those countries and soaring food costs.
Add this to the fertilizer ban and Europe and maybe the West is headed for a major food crisis.
Possible Russian retaliatory measures follow a series of Western sanctions on Russia, which have collapsed the ruble, locked the central bank out of a large chunk of its foreign-currency savings, and crushed its ability to trade with the outside world by removing certain Russian banks from SWIFT.
Russian President Vladimir Putin has been quoted well before the invasion of Ukraine of the need to strengthen an emerging multipolar world order.
“It is important to maintain and boost mutually respectful, constructive and effective cooperation globally, as well as to strengthen the emerging multipolar world order that consists of independent centers of economic growth and political influence, which certainly includes BRICS,” Putin emphasized.
It’s early to declare if Western sanctions will paralyze Russia, but what appears to be happening is that the global economy is becoming more fractured than ever as a great power struggle between the West and East flourishes.
Earlier this week, Russian banks that were cut off from SWIFT turned to China’s state-owned UnionPay system. Also, Russian Foreign Minister Sergei Lavrov said Thursday its oil and gas firms have other buyers as many Western nations halt or wind down purchases for energy products.
The global economy is splintering, and Russia could be inclined to unleash retaliatory economic measures outside the Eurasian Economic Union. This area in Eastern Europe, Western Asia, and Central Asia, is also home to some of China’s Belt and Road Initiative, also known as One Belt One Road… and likely includes numerous so-called “friendly countries” including China.
Meanwhile, China FM Spokesperson, Zhao Lijian was quoted earlier today as saying Beijing will retaliate with a “serious response” if the US hits sanctions on China over Ukraine.
Things are getting a little bit out of control.
To sum up, Russia banning fertilizer and the possibility of certain agricultural products to the West will result in elevated food prices. At the same time, we see a multipolar world order emerging that is bringing Moscow and Beijing closer by the day.
Shop Rite hasn’t banned Russian Dressing yet and Muzak is still playing Tchaikovsky! WTF!
Russia and China are working together against the United States.
I heard what sounded like a voice from among the four living creatures, saying, “A quart of wheat for a day’s pay or three quarts of barley for a day’s pay. But do not damage the olive oil and the wine.”
Revelation 6:6
LOL. Why shouldn’t they?
Well we got War, Pestilence And soon famine…only one horse left after that
Will not these bans mean that USA manufacturers will make/grow the products?
Pls help me here
Maybe, of we don’t starve first.
when goods stop crossing borders, troops will soon follow.
“Meanwhile, China FM Spokesperson, Zhao Lijian was quoted earlier today as saying Beijing will retaliate with a “serious response” if the US hits sanctions on China over Ukraine.”
China’s economy is based on exports and they will take a much harder hit on sanctions than Russia is getting. They could end up with literally hundreds of millions of unemployed, hungry, and angry people milling around with nothing better to do than to overthrow their CCP slavemasters.
Not that I am calling for sanctions on China right now. So far as I know China has yet to do much to help Russia. If they do then lay on the sanctions in full.
China Warns US Against Retaliation ...... President Trump would have been licking his chops over a statement like that.
I’m sure he would have been dispatching folks all over the world to see how fast they could spin up a fertilizer factory. Pakistan has them, since they were the ones supplying the Afghan insurgents with it for their ANFO IEDs, VBIEDs, and EFPs, when they couldn’t get anything else.
https://www.cnn.com/2011/10/05/us/pakistan-ied-safeguards/index.html .... According to the U.S. military’s Joint IED Defeat Organization, 84% of improvised explosive devices in Afghanistan are made from fertilizer produced in Pakistan
We had better figure out how to do this stuff ourselves. Yes things will be more expensive but anything important needs to be brought back to our shores. We can then wean ourselves off the cheap junk. No new Chinese students should be accepted.
Not actually Russian, and I doubt Shoprite's version contains any caviar.
Russian dressing is mentioned as early as 1900 in U.S. sources.[2] It is also documented in a 1910 catering book as an alternative to vinaigrette for dressing tomatoes or asparagus.[3] A 1913 cookbook has a recipe which is a vinaigrette with paprika and mustard.[4] A mayonnaise-based recipe is documented in 1914.[5] The condiment came to be called "Russian" since the original recipe included caviar, a staple of Russian cuisine.[6]
Local historians claim that the mayonnaise-based version was invented in Nashua, New Hampshire, by James E. Colburn in the 1910s.[7] A 1927 biographical article calls him "the originator and first producer of that delectable condiment known as Russian salad dressing".[8] Colburn had been selling "Colburn's Mayonnaise salad dressing" at his store since at least 1910.[9]
https://en.wikipedia.org/wiki/Russian_dressing
Shush. You’re supposed to run about in unthinking panic. Didn’t you get the memo?
Get all the fertilizer anyone could want in DC at the Capitol Building!
p
This could benefit America since we are one of the most obese countries in the world.
“I heard what sounded like a voice from among the four living creatures, saying, “A quart of wheat for a day’s pay or three quarts of barley for a day’s pay. But do not damage the olive oil and the wine.”
Revelation 6:”
Indeed YES! Prophecy being fulfilled before our very eyes.
They aren't doing half as good a job as the Democrats are trying to destroy the country. Our own elected officials are far more dangerous than Putin or Xi.
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