Russia-Ukraine war has triggered a global food crisis – and neoliberal capitalism is the fuel
Food insecurity is the result of corporate profiteering made possible by financial speculation in commodity markets, says an UNCTAD report.
International fears about the impact of the Russia-Ukraine war on an existing global food crisis appear to have faded in the seven months since Russia pulled out of a deal that allowed Ukraine to export grain to world markets.
Such complacency is misplaced and dangerous. The risk of worsening food insecurity through the weaponisation of grain continues. It’s troubling that such a risk exists at all, given how blocking access to a basic food staple can devastate innocent people and those with no connection to the conflict.
The idea that access to food and other basic commodities can be cut off to serve the strategic aims of a country at war is among the most concerning contradictions of modern capitalist political economy. Yet it’s barely even questioned in most policy discussions.
Precarity in food supplies has not dissipated despite the relative stabilisation of grain exports and prices. As respected Black Sea agriculture expert Andrey Sizov argues: “The calm on the grain exports market is deceptive.” The risk is emanating from many sources.
Targeting food vessels
For one, Russia has placed food vessels to and from Ukraine on its list of potential targets, and Ukraine has retaliated by warning about similarly attacking the Crimea bridge connecting Russian shipping straits to key ports.
There is also the continuing risk of Russia deliberately slowing...