Pivot to Asia is our monthly newsletter focusing on the most significant issues and trends in Asia. Today, we turn the spotlight on the effects of the rise of commodity prices in the region.
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Le conseguenze del conflitto rischiano di aggravare i problemi finanziari di molti Paesi in via di sviluppo. Servono azioni multilaterali più decise e innovative.
The breakout of the conflict in Ukraine and the following imposition of heavy Western sanctions on Russia are causing sharp price increases in food and energy commodities —of which both Ukraine and Russia represent key exporters — as well as disruptions to global supply chains, impacting the post-pandemic economic recovery.
The Russo-Ukrainian war has affected global food trade and Gulf countries have taken note. The Middle East is the largest grain importing region of the world and self-sufficiency is not an option for lack of water, especially in the arid Gulf region, but also in more fertile Northern neighboring countries such as Syria and Turkey. The memories of the global food crisis of 2007-2008 have not been forgotten, when agricultural exporting nations such as Argentina, Russia, and Vietnam declared trade restrictions fearing for their own food security.
La Russia è un grande produttore di commodities agricole. Ma dalla partita per la ridefinizione delle supply chains globali potrebbe uscire sconfitta.
The MED This Week newsletter provides expert analysis and informed insights on the most significant developments in the MENA region, bringing together unique opinions on the topic and reliable foresight on future scenarios. This week, we focus on the rise in food prices that the MENA region is experiencing in the wake of the Russia-Ukraine war.
Russia and Ukraine account for 30% of global wheat exports. Today’s conflict is inevitably taking its toll on wheat prices worldwide. Only a few hours after Russian troops entered Ukraine, the price of wheat peaked at a record high of 344 euros a ton on Euronext.
The tense diplomatic crisis sparked by Russia’s military buildup on the Ukrainian border has forced Europe to undergo soul searching in search of its common identity and security as fissures have begun to show during its standoff with Moscow. As the European Union considers taking strong diplomatic measures against a militarily defiant regime, member states fear the costs to their citizens as Moscow could respond by turning off the gas pipeline, throttling Europe of its supply of natural gas.
In Tunisia è in atto un processo di transizione dagli esiti ancora poco chiari. Il paese è andato al voto in un clima politico teso, con i cittadini esasperati dalla crisi socioeconomica e finanziaria che dura ormai da più di dieci anni. Ad oggi, è difficile prevedere quali saranno gli equilibri interni dopo le elezioni legislative. Di fronte alla possibilità di una deriva autoritaria, è verosimile che la tenuta del presidente Kaïs Saïed, e più in generale il futuro della Tunisia stessa, si giocheranno sulla capacità della leadership di offrire risposte adeguate sul piano economico.
The Mediterranean is among the regions that are most affected by climate change. According to the Intergovernmental Panel on Climate Change (IPCC), the region will face a “heightened risk of water shortages, coastal flooding and exposure to potentially deadly extreme heat”, with temperatures growing faster than the global average, impacting sectors such as agricul