Interfax Ukraine, the Kyiv based news organisation, has reported that the Ukrainian government has moved to suspend all exports of certain essential foodstuffs.
Interfax reports: “The government of Ukraine has introduced zero quotas for exports subject to licensing in 2022 of corn, oats, buckwheat, millet, sugar and salt suitable for human consumption, according to government resolution No. 207.”
The report continues: “Earlier on Sunday, Prime Minister Denys Shmyhal said the government had decided to limit the export of a number of socially important goods and the raw materials from which they are produced, but did not specify specific product groups.”
This comes after the news that the Ukraine government will set strict price controls on essential foodstuffs – including the suspended exports – at a retail level.
The suspension of exports is sure to contribute to global food insecurity, as Ukraine is one of the world’s largest exporters of grains.
The ban on exports is expected to last until the end of the year.
