March 19, 2022
Massive price spikes for food and energy sparked by Russia’s invasion of Ukraine will push over 40 million people into extreme poverty, the Center for Global Development (CGDEV) said on Friday.
Massive price spikes for food and energy sparked by Russia's invasion of Ukraine will push over 40 million people into extreme poverty, the Center for Global Development (CGDEV) said on Friday, warning against export curbs and sanctions on Russian food production.
Image: ReutersIn an analysis blog, the Washington-based think tank said food commodity prices since the start of the conflict have risen above levels experienced in price spikes in 2007 and 2010.Massive price spikes for food and energy sparked by Russia’s invasion of Ukraine will push over 40 million people into extreme poverty, the Center for Global Development (CGDEV) said on Friday, warning against export curbs and sanctions on Russian food production.