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Russia proposes BRICS food reserves
Reuters·T1·
Russia, a major global wheat exporter, has proposed the establishment of joint food reserves with fellow BRICS members and neighboring former Soviet states. This initiative aims to bolster global food security and mitigate risks arising from the ongoing conflict in the Middle East. The proposal highlights concerns about supply chain disruptions and potential food shortages. Creating strategic reserves could help stabilize food prices and ensure a more reliable supply of essential commodities for participating nations.
Tags
macro
energy
Original Source
Reuters — www.reuters.com