Projects
Services
Government Bodies
Flag Tuesday, 16 August 2022
Minsk Mainly clear +20°C
All news
All news
Economy
17 June 2022, 11:47

Peskov: Belarus' and Russia's fertilizer exports hindered by United States, EU

MINSK, 17 June (BelTA) - Belarusian and Russian fertilizer exports are hindered by the United States, the European Union and their allies who have imposed the sanctions, Kremlin spokesman Dmitry Peskov noted, RIA Novosti informed.

He noted that Minsk and Moscow are the world's major exporters of fertilizers and would like to sell their products on foreign markets. But the sanctions policy of Western countries has disrupted their shipments around the globe.

As it was reported earlier, the Western sanctions have fueled a severe fertilizer shortage, which has sent prices sky-high. This will ultimately affect the harvest and could lead to a food crisis on a global scale.

This has affected Asia, Africa and Latin America. Farmers in the United States are feeling the pain of rising prices too. Many of them are on the brink of bankruptcy. This situation has affected the end users as food inflation is increasing all over the world. Some countries are even imposing limits on food purchases.

Subscribe to us
Twitter
Recent news from Belarus