How the Ukraine war is driving up food and energy prices for the world (World Economic Forum)
Russia’s invasion of Ukraine is having big, and potentially long-lasting impacts on the global supplies of food and energy.
On this episode of Radio Davos, Saad Rahim, Chief Economist at trading firm Trafigura, explains what makes oil and gas prices fluctuate so wildly, and considers the short and long-term impacts of the war on those vital commodities. He also considers whether the crisis is likely to speed up or slow down the global transition away from fossil fuels.
David Laborde Debucquet of the International Food Policy Research Institute assesses the impact on food supplies and prices of massive disruption in what has traditionally been the ‘breadbasket of Europe’, and he has recommendations for policymakers.