Naval blockade of Russia will continue to put pressure on global food prices – British intelligence

The naval blockade of Ukrainian ports, which the Russian Federation has been implementing since the beginning of the war, has already led to a global rise in prices and will continue to put pressure on them.

According to European Pravda, this is stated in the daily review of British intelligence about the war, published by the British Ministry of Defense.

It is noted that since the beginning of the war, there was no significant activity of merchant shipping from Odessa and to Odessa, and the further Russian naval blockade of the Black Sea ports of Ukraine prevented commercial shipping from operating in this area.

Ukraine’s overland export mechanisms are highly unlikely to replace the shortfall in shipping capacity caused by the Russian blockade, the review notes. As a result, significant supplies of Ukrainian grain remain in short supply without the ability to be exported.

“The fighting has already created indirect pressure on global grain prices. While the threat of a Russian naval blockade will continue to hamper commercial shipping access to Ukrainian ports, the resulting supply shortage will further drive up prices for many staples,” the statement said. British intelligence.

The G7 countries are discussing how to unlock grain exports from Ukraine, and the EU has already proposed a plan to support the export of Ukrainian agricultural products.

The German government said they are working on the creation of a “grain railway bridge” from Ukraine.
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Meanwhile, the Kremlin has accused Ukraine and the West of creating a global food crisis.

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