Can someone summarize this in a paragraph or less?
This is the definition of TL;DR
Uzbekistan comes in second.
Russia is #4 in nitrogen and phosphate based fertilizer:
https://www.nationmaster.com/nmx/ranking/nitrogen-fertilizer-production
https://www.nationmaster.com/nmx/ranking/phosphate-fertilizer-production
Russia is #1 producer of NPK and urea based fertilizer:
https://www.nationmaster.com/nmx/ranking/urea-fertilizer-production
https://www.nationmaster.com/nmx/ranking/npk-fertilizer-production
So by blocking the ability to pay for Russian goods, you not only have oil and natural gas shortages (which means shortages of all sorts of industrial chemicals used in medicine, plastics, etc.) but you also have shortages of food as we will knock out a huge supplier of the world’s fertilizer.
There have been Youtube videos from quite a number of farmers in the past few days talking about this issue. Many have already ordered as much as they can afford ahead of time.
Russia and China are keeping their supplies to supply their own farmers.