September 28, 2022

Rocky Daily News

Colorado Politics-Sports-Business-Weather

Russia’s economy gets boost from wartime grain shipments – The Denver Post

1 min read

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By AYA BATRAWY

With much fanfare, ship after ship loaded with grain has sailed from Ukraine after being stuck in the country’s Black Sea ports for nearly six months. More quietly, a parallel wartime deal met Moscow’s demands to clear the way for its wheat to get to the world, too, boosting an industry vital to Russia’s economy that had been ensnared in wider sanctions.

While the U.S. and its European allies work to crush Russia’s finances with a web of penalties for invading Ukraine, they have avoided directly sanctioning grains and other goods that feed people worldwide.

Russian and Ukrainian wheat, barley, corn and sunflower oil are important to countries in Asia, Africa and the Middle East, where millions rely on subsidized bread for survival. As the war spiked food and…

The Associated Press

2022-08-16 08:15:28

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