Russia's war against Ukraine could cause food inflation and global food shortages. This was stated by billionaire Andrey Melnichenko to Reuters.

" It has already led to skyrocketing prices for fertilizers that have become unaffordable to farmers.. Now it will lead to even higher food inflation in Europe and likely food shortages in the world's poorest countries,"

According to him, what is happening in Ukraine is "

According to the publication, Melnichenko was born in Belarus, his mother is Ukrainian..

Melnichenko, until recently, was the beneficiary of the mineral fertilizer manufacturer Evrokhim. On March 9, Melnichenko came under EU sanctions imposed in response to the start of the Russian war in Ukraine.

After that, the businessman was forced to resign as a member of the board of directors and non-executive director of SUEK and EuroChem and reduce his stake in the companies to 0%.. Before the sanctions, the billionaire owned 100% of EuroChem and 92.2% of SUEK.

In a commentary to Forbes, Melnichenko stressed that he had nothing to do with the events in Ukraine and considered the restrictions imposed against him absurd..

Last week, the newspaper La Repubblica reported that the Italian authorities, as part of EU sanctions, arrested the 142-meter yacht Melnichenko Sailing Yacht A. The vessel is considered the world's largest private sailing yacht, its cost is estimated at 530 million euros..

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Earlier, CASE Ukraine stated that after six months of sanctions, Russia would be ready to talk about the return of Crimea and Donbass..