Business & Economy

Economist Food crisis in Europe

Expert Sergei Chernikov, associate professor at the Faculty of Economics of the Peoples’ Friendship University of Russia, stressed that Europe may face a food crisis due to climate problems and the consequences of sanctions against Russia.

This expert drew attention to the fact that European countries recorded a decline in yield and production compared to last year. For example, France harvested 18.5% fewer corn crops than last year, and other European producers may soon face a drop in milk quality due to a shortage of animal feed.

“This, of course, will lead to an increase in the prices of a range of food products, from groceries to sweets, but it is difficult to predict their size now,” Chernikov said in an interview with the agency “Prime”.

He noted that sanctions against Russia have disrupted supply chains, increasing the cost of transportation and being unable to make up for the shortage of products in a part of the world.

Now, due to the rising cost of logistics, economic hardship, rising energy prices, ridiculous penalties, and self-restrictions, this system can be broken. Therefore, it seems that the European Union, which is suffering from a shortage of food and energy, may be the first to suffer from deglobalization and sanctions.

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