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Russia's significant role in global oil production means that sanctions against it affect oil prices worldwide. This is expected to result in increased fuel prices, thereby raising the costs of food production in Africa.
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The conflict has led to a rapid increase in prices for commodities like wheat, sunflower, and crude oil. Africa, being heavily dependent on food imports from Russia and Ukraine, is experiencing price shocks and supply chain disruptions.
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Russia being one of the world’s biggest exporters of fertilizers, the sanctions have raised concerns about a global shortage. This shortage could lead to higher food prices and affect agricultural production, further threatening food security in Africa.
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