The invasion of Ukraine has led to rising gas and food prices around the world, the American leader asserted.
Russia’s invasion of Ukraine will continue to have a negative impact on the global economy, and it is not yet possible to predict further price dynamics. It was announced on Tuesday, April 19, by US President Joe Biden, CNN wrote.
At the same time, Joe Biden mentioned that the world is now experiencing the highest inflation in the past 40 years. Among the main reasons, he cited the economic collapse due to the Covid-19 pandemic and Russia’s invasion of Ukraine, warning that the ongoing war will continue to hurt the global economy.
“The invasion of Ukraine has led to rising gas and food prices around the world. The two main wheat barns in the world are Ukraine and Russia. The rise in inflation is a result of Putin’s rising energy prices,” he said. niya.
Biden added that he was doing everything he could to lower prices, pointing to the release of strategic oil reserves. He also said that many European countries are willing to take the same step to stabilize energy prices.
It will be recalled that the World Bank lowered its forecast for global economic growth this year in connection with Russia’s invasion of Ukraine.
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Source: korrespondent
