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KOKIM 4758
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Russia's proposal to the BRICS to escape the Middle East crisis
Russia, the largest wheat exporter on the planet, has put forward a strategic proposal: to create shared reserves of food and fertilizers with the BRICS countries and the Eurasian Economic Union. The idea is simple: to form joint stocks to protect these nations against new supply crises and price spikes in the global market.
This debate has gained momentum due to the tension between Iran, Israel, and the United States. The conflict puts pressure on the Strait of Hormuz, one of the most important trade routes in the world. In addition to oil, about one-third of the global fertilizer trade passes through this region. If the flow is interrupted, the impact reaches directly to the field.
This debate has gained momentum due to the tension between Iran, Israel, and the United States. The conflict puts pressure on the Strait of Hormuz, one of the most important trade routes in the world. In addition to oil, about one-third of the global fertilizer trade passes through this region. If the flow is interrupted, the impact reaches directly to the field.
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