aimed at countering china s growing influence in the region. live from our studio in singapore, this is bbc news it s newsday. hello and welcome to the programme. the united nations world food programme has described russia s blockade of ukrainian ports as a declaration of war on global food security that could push tens of millions of people into severe food shortages. it echoes concerns raised by the ukrainian government and wider accusations that the kremlin is deliberately targeting food supplies. our economics editor faisal islam reports. across the world, food and energy crisis are hitting households, increasing social instability and hunger and leading to whole country is going bust. sri lanka at first, but more are feared to be heading in the same direction. from southeast asia to the middle east, and it s also affecting the uk, too. with russia s war in ukraine making the supply shocks much worse, the economic stakes are very high here and across the world, accor
aimed at countering china s growing influence in the region. live from our studio in singapore. this is bbc news. it s newsday. hello and welcome. the united nations world food programme has described russia s blockade of ukrainian ports as a declaration of war on global food security that could push tens of millions of people into severe food shortages. it echoes concerns raised by the ukrainian government, and wider accusations that the kremlin is deliberately targeting food supplies. our economics editor, faisal islam, reports. across the world, food and energy crisis are hitting households, increasing social instability and hunger and leading to whole country is going bust. sri lanka at first, but more are feared to be heading in the same direction. with russia s war in ukraine making the supply shocks much worse, the economic stakes are very high here and across part of the problem is that the natural response that should bring down energy orfood prices producing more
you re talking about a declaration of war on global food security. it ll have extraordinary consequences. we are already facing the worst food crisis since world war ii. when you take 400 million people that are fed by the food that comes out of ukraine and you shut that off, and then you add on top of that fertiliser problems, droughts, food cost, fuel costs, we re looking at a hellstorm on earth. the world s biggest importers of wheat, the egyptians, told us they can cope for now. though prices are surging. the government is putting in place and utilising tools to limit that price increase, especially on the most vulnerable. we do have a high degree of resilience in terms of our stocks of basic commodities and we will continue to explore and to cooperate with our partners in alternative sources. this forum is normally about a combination of high finance and high politics. so far, it s been about the most basic of commodities
so far, it s been about the most basic of commodities food and the soaring prices affecting everywhere, including britain. and the fear of many here is that this is not an accident. it s a conscious strategy, the weaponisation of famine by the kremlin. a standing ovation for president zelensky s video video address. his deputy prime minister says the us needs to get ukraine s food exports past russia s ships. we need the assistance of our partners, international partners to secure our exports through the seaports, so i mean from the defence point of view, to find a way or another solution, how to give the opportunity to ukrainian vessels. some sort of safe passage? yes. events in ukraine have already proven how horrific how events in ukraine have already proven how horrific, but mountains of its grain blocked from reaching the world s hungry could yet make that worse. faisal islam, bbc news
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