Russia's Putin: US decision to print money led to increase in global food prices

Russia's Putin is speaking and says:

• we see attempts to blame Russia for problems on global food market
• US decision to print money led to increasing global food prices
• unfavorable situation on global food market is linked to shortsighted policy of Europe in energy
• at the same time they diminished significance of hydrocarbons
• some European countries did not keep long-term contracts for shipments of Russia natural gas
• increased fertilizer prices have nothing to do with the Russia's military operation in Ukraine
• our partners made a lot of mistakes and are now looking for a scapegoat
• situation will worsen due to sanctions on our fertilizers
• reports that Russia does not allow grain exports from Ukraine towards are a bluff
• our estimates show that Ukraine could export 5 million tons of wheat and 7 million tons of corn
• Russia will increase its grain export to 50 million tons
• We are not blocking exports of grain from Ukraine
• Ukraine can export grain from ports it control such as Odessa

HMMMM The "passing of the buck" (to US and Europe), and reluctance to take any blame is not a recipe for any some sort of diplomatic solution to the global inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term problems caused by the Ukraine war (or risks from further aggression).