The International Monetary Fund is sounding warnings about global food supply, given the escalation of Russia’s war on Ukraine. IMF approved 1.4 billion USD in urgent aid to Ukraine, in an attempt to protect it from debt default.

Disruption of the spring sowing season could endanger food security, IMF warns, reminding that Ukraine and Russia are Europe’s “breadbasket”. Most of Ukraine’s wheat is exported in summer and autumn, which is when the shortage will be felt in the market.