Russian Aggression in Ukraine, Western Sanctions & Crisis for Developing Countries Jomo Kwame Sundaram

Western sanctions on Russia, a major global exporter of grain (esp. wheat), energy and fertilizers will have negative implications on developing and poor countries on their debt, food security and nutrition. These price rises from supply-side disruptions cannot be solved by raising interest rates at the national level, as many countries are attempting today.

Full video available at: https://www.youtube.com/watch?v=rI9Wt0WWP94