How a Russia invasion of Ukraine, the 'breadbasket of Europe,' could hit supply chains
From wheat to barley, and copper to nickel, analysts tell CNBC that supply chains are set to be disrupted as the crisis takes a turn for the worse.
in eastern Ukraine. It came after he said Russia would formally recognize the independence of Donetsk and Luhansk.Here's what's at risk if a military conflict takes place or crippling sanctions are imposed.Ukraine produces wheat, barley and rye that much of Europe relies on, analysts said. It's also a big producer of corn.
Ukraine's currency began declining in value since Russian troops started gathering at the border. This will increase the cost of their exports.In fact, it's not just the European Union that will be hit — many nations in the Middle East and Africa also rely on Ukranian wheat and corn, and disruptions to that supply could affect food security in those regions, said Dawn Tiura, president at Sourcing Industry Group.
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