FT: Russia's Withdrawal from Grain Agreement Threatens Poor Countries with Starvation

Russian President Vladimir Putin's decision to halt an agreement to transport millions of tons of grain through southern Ukraine will lead to a new jump in prices, experts have warned, and catastrophic consequences for the poorest countries already facing severe food shortages, according to the Financial Times, a British newspaper.

The United States has called Moscow's suspension of its participation in the agreement an outrageous act that risks causing starvation.

Moscow linked its decision to the attack on ships in the port of Sevastopol, part of the territory Russia annexed in 2014.

The British newspaper reported that the Kremlin's decision surprised grain traders and locals, who did not expect an abrupt termination of the agreement although they were skeptical that it would last beyond its scheduled deadline. In mid-November.

As a result, Andrei Sizov, managing director of the Black Sea Grain Company will be, predicted that there will be a significant increase in prices, adding that the Russian move is the worst possible scenario.