How sanctions on Russia and Belarus are impacting exports of agricultural products and fertilizer

Joseph W. Glauber and David Laborde Debucquet

Chapter 22 in The Russia-Ukraine conflict and global food security, 2023, pp 112-117 from International Food Policy Research Institute (IFPRI)

Abstract: The current sanctions regime aims to spare the agriculture sector, including inputs, to avoid side effects on global food security. Russia is a major global supplier of key staples, including wheat, and both countries are important fertilizer producers and exporters. Shutting down trade in those items would have disastrous consequences for global markets and on agriculture and food supplies in countries reliant on them.; The sanctions imposed by the European Union, United States, Canada, and other countries on Russia and Belarus following Russia’s February 24 invasion of Ukraine included restrictions on banking, trade, technology transfers, and specific individuals. These came on top of earlier sanctions on both countries — on Russia, in response to its 2014 annexation of Crimea, and on Belarus, in response to human rights violations in 2020 and its forced grounding of Ryanair flight 4798 to seize a dissident journalist in 2021.

Keywords: fertilizers; exports; shock; policies; war; coronavirus; covid-19; agriculture; markets; trade; coronavirinae; russia; food security; ukraine; conflicts; coronavirus disease; wheat; prices; climate change; Russia; Belarus; Eastern Europe; Europe (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:fpr:ifpric:9780896294394_22

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