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Mar 25 • 5 tweets • 3 min read

@Potus

@Potus announced that there will be #FoodShortages in the U.S., and the prices for food are rising all over the world, mostly due to the #RussianUkrainianWar. As shown in FAO data, this is not a new trend. 🧵

Both Russia and Ukraine are among the top 5 #wheat exporters, fueling fears that the crisis could exacerbate inflation pressure in the food aisle. Wheat futures rose to the highest level since 2008, building on top of a rally that had been going on since mid-2020.

After recovering from a coronavirus dip in early 2020, the global FAO Food Price Index has risen quite steadily, reaching a new all-time high of 140.7 point in February 2022.

One of the most significant shockwaves to be felt outside of Ukraine since the Russian invasion isn't in Europe, but in Africa.

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What will the immediate impact be of the #EU's deal with the U.S. to provide at least 15 billion additional cubic meters of #LNG? 1/3

2/3 #Russia currently supplies 40 percent of the natural gas imported by the EU, so which alternatives could countries turn to in the event of Russia turning off the tap? The continent would have to look towards suppliers of liquefied natural gas, which typically arrives by ship.

3/3 Europe has some of the highest gasoline prices in the world. Most of Western Europe was paying upwards of $6.00 for a gallon of #gas as of March 14, with some of the highest prices being charged in the Netherlands, Finland, Germany, Italy and Norway.

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#Russia's invasion of #Ukraine has dominated feeds for 22 days, making it hard at times to focus on the facts. This thread will take you through some of the charts we have created to help cut through the noise and take a look at the numbers behind the story.

As of today, almost three million people have left Ukraine, according to data from the @Refugee.

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