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Russia has entered a dangerous new phase of its war against Ukraine since it exited the Black Sea grain deal earlier this month, weaponizing global food exports, stepping up attacks on Ukrainian ports and cities and increasing the risk of spillover into NATO countries. Russia’s escalation is unlikely to deter the U.S. and allies from…
Wheat prices shoot up after Russia suspends UN grain deal Wheat prices shot up on global commodity markets after Russia pulled out of a deal to keep grain exports moving out of Ukrainian ports, exacerbating concerns that the move by Moscow could worsen global food shortages. “Each fraction of a percentage point pushes someone somewhere…