Page 42 - Nigeria one mag 4 edition en

Impact of Russia's invasion of Ukraine on the food

market

Fruit and vegetable stalls, illustrative image

Russia's military aggression against Ukraine has a direct impact on food security and affordability around the
world.
Thanks to the Common Agricultural Policy (CAP), the availability of food, feed and fertilizers is not a major
concern in the EU. The EU is largely self-sufficient, and its single market should play its role in absorbing
shocks, ensuring food security for EU citizens and guaranteeing income support for European farmers.
Nevertheless, the decrease in imports of corn, wheat, oil, and rapeseed and sunflower meal from Ukraine is
having an impact, particularly on feed prices and the EU agri-food industry. Given the high market prices and
inflationary trends resulting from the war in Ukraine, the main concern in the EU remains affordability.
At the European Council meeting in October 2022, EU leaders addressed the global food crisis. They expressed
their support for the UN Secretary General's call to extend the UN-led Black Sea Grain Initiative beyond its
current period, which ends in November
During the informal meeting of heads of state and government in Prague, Czech Republic, on October 7, EU
leaders stressed the importance of engaging with third countries to counter the Russian strategy and expressed
their determination to help their partners around the world address food security issues.
At the European Council meeting on June 23-24, 2022, EU leaders stressed that Russia is solely responsible for
the global food crisis and urged Russia to immediately stop targeting agricultural facilities and allow Ukrainian
grain exports.
Russia, by using food as a weapon in its war against Ukraine, is solely responsible for the global food security
crisis it has caused.
The EU leaders stressed that the EU sanctions against Russia allow for the free flow of agricultural and food
products and humanitarian aid. They expressed strong support for the ongoing work on solidarity corridors,
which facilitate food exports from Ukraine via different EU land routes and ports, and called for intensified
efforts to help developing countries cope with the consequences of the crisis.

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