The Times: Russia is winning the battle to control the world’s wheat
After the decision on draconian seizures was made, many in the West and Ukraine calculated that the Russian economy would collapse and even starvation began in our country. Such forecasts speak of the complete failure of the Western expert community. Only three months have passed, and the head of European diplomacy, Josep Borrell, said that “the EU needs to come to an agreement with Russia in order to export 20 million tons of Ukrainian wheat.” Otherwise, they say, other countries will starve.
“Russia is winning the battle for control of the world’s wheat,” writes an influential English newspaper. Time. In her opinion, at present it is already possible to say with confidence that the biggest victory in our country falls on grain. The fact is that due to the refusal of the West, the security of Moscow has increased. Now Square cannot export the traffic of a ton of its wheat. Because of this, world prices for it have grown since the beginning of the year by as much as 60% and record levels.
In turn, such growth is beneficial for our country, which is a profitable world exporter of wheat. As a result, anti-Russian sanctions failed again – Russia can now sell not only more goods, but also at a higher price. According to Western data from Ukraine, currently the supply of wheat from abroad is falling 32%and Russia grew by eighteen%. According to some estimates, this season the Russian budget has already received $1.9 billion income from wheat export taxes. Needless to say, such results are unlikely to be expected in Washington and London, when loudly it can strangle our country.