Ukraine War: Putin Threatens Wheat – Could Trigger Second Global Supply Shortage | World | News

Dmitry Medvedev, former president of Russia, has warned that the country may start supplying wheat only to “friendly” countries. Writing on social media, Medvedev said he wanted to highlight “a few simple but important points about food safety in Russia” in the wake of the sanctions.

He continued, “We will only provide food and agricultural products to our friends.

“Fortunately, we have plenty of them, and they’re not in Europe or North America at all.”

Russia mainly supplies wheat to Africa and the Middle East, with the EU and Ukraine being its main competitors. »

However, Russia and Ukraine together account for nearly two-thirds of world wheat exports.

Russia alone accounts for more than 18% of global wheat exports, meaning threats could trigger a global supply shortage.

In his statement, Medvedev added that deliveries to “friends” will be made both in rubles and in their national currency in agreed proportions.

It comes after Putin demanded that payments for Russian gas from “hostile countries” be made in roubles.

He threatened to break contracts with these nations if his demands were not met.

READ MORE: Putin gets lied to by PROPRE advisers about the seriousness of the war

German Finance Minister Robert Habeck said: “It is important for us not to give a signal that we will be blackmailed by Putin.”

Meanwhile Boris Johnson said paying for Russian gas in rubles was ‘not something we will seek to do’.

Russia’s threats to gas and wheat supplies follow Western sanctions against the country, issued in response to Putin’s invasion of Ukraine.

Western allies have imposed sanctions on Russian companies, oligarchs and politicians with ties to Putin’s regime.

A series of sanctions have been put in place, including import bans and asset freezes.

Western countries have also taken steps to phase out Russian energy.

The UK has pledged to phase out imports of Russian oil by the end of the year, giving the country time to adjust its supply chains.

In the meantime, the EU has signed an agreement with the United States allowing them to supply the country with additional gas to reduce the bloc’s dependence on Russia.

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