UNITED NATIONS – The UN chief warned on Monday that Russia’s war on Ukraine holds “a sword of Damocles” over the global economy, especially poor developing countries facing soaring prices food, fuel and fertilizer and now see their granary “being bombarded”. ”
Secretary-General Antonio Guterres told reporters that “Russia and Ukraine account for more than half of the world’s sunflower oil supply and around 30% of the world’s wheat” and that “grain prices have already exceeded those of the start of the Arab Spring and the food riots of 2007-2008.
He told reporters that 45 African and least developed countries import at least a third of their wheat from Ukraine and Russia, and 18 of them import at least 50%. These countries include Egypt, Congo, Burkina Faso, Lebanon, Libya, Somalia, Sudan and Yemen, he said.