jonathan charles is back with us geopolitical insight advisor, specialising in russia and the countries around it and a former bbc correspondent in moscow and ukraine markets in moscow and ukraine quick to react and no surprise markets quick to react and no surprise that the rouble has sunk. it surprise that the rouble has sunk. . , , ., ., sunk. it hasn t been doing that well for several sunk. it hasn t been doing that well for several weeks - sunk. it hasn t been doing that well for several weeks and - well for several weeks and months and it was inevitable with uncertainty and that is what we have with russia now, it has exacerbated a trend and we have seen that fall in the rouble. untilwe we have seen that fall in the rouble. until we know what is going to happen, can vladimir putin reassert that sense of strongman rule which at least is certainty, it may not be very nice, but at least it is certainty, then there will be questions about the economy, about the roub
It has been the wettest 18 months on record since 1836, one of the wettest winters in decades that many farmers can remember. It has had a huge impact on the ability to grow crops and it has been quite sudden. In 2022 we were talking about extreme heat and drought and farmers not being able to get crops out of the ground because it was baked too hard. This winter they have not been able to get them in the ground because it has been too wet, waterlogged and soft, basically. That means that the amount of wheat and winter barley, oilseed rape were likely to harvest this year will be down a third, and looking across all the farming sectors, fresh fruit and vegetables, meat and dairy, eggs, that will be enough to drive an 8 reduction in the headline self sufficient and seen when, Self Sufficiency when measured by volume. Around 86 over the period btween 2018 and 2022 to 78 this year or thats what we estimate. Egypts economy has been struggling with the burden of high debts and an overvalued
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