Moscow: The western countries are holding Russia responsible for the wheat crisis faced by the world. But Russia is not the only one responsible for the crisis and Russia has not started this war of its wish. Whereas Western countries are also equally responsible, these countries are also hoarding wheat. Therefore, a Russian newspaper warned that if the tangle of this Russia-Ukraine conflict is not resolved at the earliest global wars could be sparked over wheat.
Moreover, Wheat prices have been rising since the beginning of this year. The Russian newspaper Izvestia said that there has been an increase of 60% in the wheat prices since the Russia-Ukraine conflict broke out. 16% of the total global wheat export comes from Russia. Whereas Ukraine has a 10% share in wheat exports. The Russian newspaper pointed out that exports from these countries have stopped given the war. Western countries have imposed sanctions against Russia, given the conflict. They withdrew their investments in Russia and stopped trade cooperation. This had a direct effect on the wheat exported from Russia. The Russian newspaper claimed that when wheat prices started soaring in the international market, India and Kazakhstan also stopped wheat exports. There was an increase in the US wheat prices following the Indian decision to ban wheat exports. Whereas the wheat price in Europe reached a record high of $461 per tonne, the newspaper claimed.
The newspaper dismissed the accusation levelled by the western countries that Russia is responsible for the wheat crisis. Other than Russia and Ukraine, even the United States, Canada, France and Germany are wheat exporters. The newspaper pointed out that these countries did not increase exports to bring the wheat prices under control. The Russian newspaper made a veiled accusation that the western countries allowed the wheat prices to soar, holding onto their stocks.
In this scenario, resolving the Russia-Ukraine conflict tangle has become vital. The newspaper warned that otherwise, wars would be sparked in the world over wheat. The newspaper also made a big claim that Western countries could relax sanctions against Russia in exchange for wheat and other food grains in the coming times.
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