MUSCAT: Oman is one among the top Arab countries that imports wheat from Russia, having the largest share of more than 70%, according to the 2020 Food and Agriculture Organisation of the United Nations (FAO) data revealed.
More than 70% wheat is imported from Russia, the statistics showed. Russia is one of the most important producers of wheat worldwide.
With Russia’s war against Ukraine entering the third day after President Vladmir Putin ordered a “special military operation”, western countries have imposed severe sanctions on Moscow in an effort to cripple its economy and weaken its military effort. Experts say the economic fallout could also have a major financial impact on people around the world – from the availability of food to the cost of energy and petrol. Analysts have warned that the war could have a significant impact on the production of grains and even double global wheat prices.
“More than 40% of Ukraine’s wheat and corn exports went to the Middle East or Africa last year – and disruptions to supply could affect availability in these areas,” BBC said in a report.
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