KRG discusses ramifications of Ukraine-Russia war on food, wheat imports
ERBIL (Kurdistan 24) – The Kurdistan Regional Government (KRG) will discuss the impacts of the ongoing Russia-Ukraine war on food and wheat imports to the autonomous region on Wednesday, according to an agenda.
The topic will be discussed during the regular weekly Council of Ministers’ session chaired by Prime Minister Masrour Barzani.
The KRG Ministry of Trade and Industry is expected to present a report outlining the likely effects of the Russia-Ukraine war on food and wheat imports, according to the government’s statement.
The officials are also expected to discuss potentially replacing foreign laborers with domestic workers.
Food and energy prices have soared due to the two-week-long war in Ukraine. Exports from Russia and Ukraine made up more than 70 percent of the global supply of sunflower oil.
Prices of cooking oils have dramatically increased in the Kurdistan Region’s markets since that war began. Local officials swiftly began to take measures against price gouging and using the supply shock to exploit consumers.
On Monday, a barrel of Brent crude oil was traded for nearly $140, nearing the all-time high of its 2008 price spike, which was $147 for a brief period. The global increase in energy prices has partially affected fuel prices in the autonomous region.