Russians’ spending on food doubles following Ukraine war: UN food agency ...Middle East

LONDON: Russian citizens are spending on average 40% of their disposable income on food - about twice as much as they did before the Russia-Ukraine war, the director of the U.N. food agency’s Russia liaison office told Reuters.Russian government data shows annual food inflation hit 18.75% on April 1 as the economy reels from Western sanctions imposed on Moscow following its Feb. 24 invasion of Ukraine.Oleg Kobiakov of the U.N. Food and Agriculture Organisation (FAO) said many Russian households are now resorting to crisis coping strategies as much of their income goes towards basic needs like food.“People are postponing plans like going to college or buying a house. They’re saving in case th

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Last updated : 08 April 2022 clock 03:30 PM

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Russians’ spending on food doubles following Ukraine war: UN food agency ...Middle East

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