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Ukraine Conflict Affects Grains, Energy
| 题名： | Ukraine Conflict Affects Grains, Energy |
| 正文语种： | eng |
| 摘要： | Now that Russia's invasion of Ukraine has begun, world markets are concerned about its impact on wheat and energy. At this writing, Ukraine has closed its ports. Wheat futures prices jumped at the news. According to the U.S. Department of Agriculture, Ukraine and Russia together account for about 23 percent of global wheat exports through the Black Sea. Russia alone accounts for 18 percent. Both are key suppliers of wheat to Europe and the Middle East, where food prices could rise if Black Sea wheat exports are interrupted. European nations and the U.S. have slapped sanctions on Russia, its state-owned companies and on individual members of its ruling elite. Germany has stopped certification of the Nord Stream 2 pipeline, which was completed in September of last year but was awaiting final permission. It's probably no coincidence that Russian President Vladimir Putin chose winter, the time of peak energy demand in Germany, to make his moves against Ukraine. The Nord Stream 2 project was important to Russia because most other pipelines to its western European customers go through Ukraine, and it's unknown what measure that country may take to halt them. |
| 出版年： | 2022 |
| 期刊名称： | The Waterways Jouranl |
| 卷： | 135 |
| 期： | 46 |
| 页码： | 4-4 |
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