The Russian President Vladimir Putin has threatened Europe and North America with limiting the global supply of wheat amid Western sanctions.
The former President of Russia, Dmiitry Medvedev warned they could start to only supply wheat to countries that they deem to be โfriendlyโ towards them.
Read more on Russia-Ukraine war:
Putin warns all โcontracts will be stoppedโ and Europe will be cut off from gas tomorrow unless they โpay in rublesโ
Putin canโt pay for โfood, medicine, a number of other vital goodsโ as he losses access to $300bn amid sanctions
Putin set to be bailed out with billions as India seeks further โinvestment to the Russian oil and gas sectorโ
Ukraine suspends all exports โof corn, oats, buckwheat, sugar and saltโ which will affect global โfood securityโ
In the wake of the sanctions which has hit the Russian economy Medvedev said he wants to outline โsome simple but important points about food security in Russia.โ
He added, “We will only be supplying food and agriculture products to our friends.
“Fortunately we have plenty of them, and they are not in Europe or North America at all.”
Africa and the Middle East are mainly supplied with wheat from Russia with the EU and Ukraine, which accounts for almost two thirds of all global exports.
Global supply shortages could be triggered as Russia exports 18% of the worldโs international wheat supplies.
Medvdev warned that they will only supply wheat exports to their โfriendsโ which will be paid for in rubles and the countries national currencies.
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