Sunday, March 27, 2022

War In Ukraine Will Echo Through The Middle East

 via AFPC.org

Take Israel. A Russian invasion of Ukraine has the potential to be downright ruinous for the Jewish state, historian Shimon Briman explained in a recent article for the Ha'aretz newspaper. Ukraine "has been Israel's main grain supplier for more than a decade," he notes. "Deliveries from Ukraine account for almost 50 percent of Israeli consumption of grain and other cereals. To understand what the loss of Ukrainian grain would mean, simply break off half of your child's sandwich or half of the loaf of bread you bought for breakfast and hide it away out of reach. Because you won't have it any more."

The same could hold true for other Middle Eastern nations as well. Egypt, for instance, ranks as the world's largest consumer of Ukrainian wheat, and imported more than 3 million tons – nearly 14% of Ukraine's total wheat production – in 2020. Current Russo-Ukrainian tensions have already hiked the global price of that commodity by nearly 10 percent, forcing the Egyptian government to raise domestic prices. If a full-blown war takes Ukraine offline as a supplier, we could witness rising food insecurity – and potential social unrest – along the Nile.

Lebanon is arguably in an even worse situation, because Ukraine currently provides more than half (55%) of its total wheat. These are supplies that the country (currently in the midst of a protracted national economic meltdown), can scarcely do without.

Here 

Knock on effects.  They're talking about fuel...but food will be worse.

The Biden admin hasn't even begun to address this global issue that will rock the world in the latter half of this year.

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