Europe wants American natural gas. That could drive
up U.S. prices.
https://www.washingtonpost.com/business/2022/04/28/europe-wants-american-natural-gas-that-could-drive-up-us-prices/
https://www.washingtonpost.com/business/2022/04/28/europe-wants-american-natural-gas-that-could-drive-up-us-prices/
Jonathan Haslam, Professor of the History of
International Relations at the University of Cambridge, notes:
https://www.spectator.co.uk/article/can-sanctions-topple-putin-
“A downside of sanctions, however, is that they harm those imposing them. They also present a dire prospect for third parties, namely those in the Third World. The loss of exports from Russia and Ukraine, both major players in the international grain market, is an urgent issue for the World Bank: starvation is lurking around the corner. Sanctions are also undercutting western economies, which face fast rising inflation as bad as the 1970s: at more than eight per cent in the US and not much less in Germany and Britain. Shortages in basic commodities from Russia will exacerbate prices even further. The International Monetary Fund now anticipates that global growth this year will almost halve from last year, down from 6.1 per cent to 3.6 per cent”.
Governments Tighten Grip on Global Food Stocks,
Sending Prices Higher
https://www.nytimes.com/2022/04/30/business/economy/global-food-prices-ukraine.html
Sunflower Oil ‘Vanishes’ as Ukraine War Grinds On
https://www.nytimes.com/2022/04/30/world/europe/cooking-oil-shortage-ukraine.html
https://www.spectator.co.uk/article/can-sanctions-topple-putin-
“A downside of sanctions, however, is that they harm those imposing them. They also present a dire prospect for third parties, namely those in the Third World. The loss of exports from Russia and Ukraine, both major players in the international grain market, is an urgent issue for the World Bank: starvation is lurking around the corner. Sanctions are also undercutting western economies, which face fast rising inflation as bad as the 1970s: at more than eight per cent in the US and not much less in Germany and Britain. Shortages in basic commodities from Russia will exacerbate prices even further. The International Monetary Fund now anticipates that global growth this year will almost halve from last year, down from 6.1 per cent to 3.6 per cent”.
https://www.nytimes.com/2022/04/30/business/economy/global-food-prices-ukraine.html
https://www.nytimes.com/2022/04/30/world/europe/cooking-oil-shortage-ukraine.html