UN report: Conflict between Russia and Ukraine leads to crisis for 1.6 billion people worldwide

According to a report released by the United Nations on June 8, Russia’s attack on Ukraine has caused the 1.6 billion people in 94 countries including developing countries to face at least one of the three serious crises in terms of food, energy and finance. 1.2 billion of them are affected in all three ways. UN Secretary-General António Guterres called for the need to restore supplies of food and fertilizers from Ukraine and Russia.

The report, “Billions Are Facing Worst Cost of Living Crisis Affected by War in Ukraine,” said the rise in corn and wheat prices alone reduced the average global household real income by 1.5 percent.

The report sounded the alarm, saying a “vicious cycle” in which the effects of monetary tightening policies such as soaring food and energy prices and rising lending rates interacted against the backdrop of the prolonged impact of the new crown epidemic has begun.

The current focus is on Ukrainian grain exports hampered by Russia’s blockade of the Black Sea. Russia and Ukraine accounted for 30% of the world’s wheat exports, and sunflower oil accounted for 60%. On the 8th, the foreign ministers of Russia and Turkey launched consultations on plans to jointly establish a “food corridor” with the United Nations. The purpose of the corridor is to allow ships departing from Ukraine to sail safely.

According to Reuters, Russian Presidential Press Secretary Peskov said on the 9th that negotiations with Turkey and other countries are still ongoing, and no agreement has been reached.

“Food prices have almost reached record highs, and fertilizer prices have more than doubled,” Guterres said, noting that Asia, where rice is the staple food, may also be affected. He said that in order to resume exports, he is currently negotiating with relevant parties, but in order to avoid affecting the negotiations, he did not give details.

Ukrainian President Zelensky 9 appealed that “the export of national agricultural products contribute to the stability of the global market,” but he was full of caution, saying that if Russia’s request to remove mines is accepted, it will be used to attack places such as Odessa in southern Ukraine. Russian President Vladimir Putin offered to resume grain and fertilizer exports on condition that the U.S. and Europe lift sanctions, but the U.S. and Europe and other countries objected, saying Russia was using the food crisis as a bargaining chip for blackmail.