Russia’s Invasion Of Ukraine Has Caused Almost $4.3 Billion In Agricultural Damage, Study Finds

According to a new study, the invasion of Ukraine by Russia has caused over $4 billion in damage to the country's agricultural sector.

The war has destroyed more than $2 billion worth of farmland and unharvested winter crops.

There were damages to livestock and storage facilities.

The United Nations warned that the war could lead to famine because of the Russian naval blockade of the Black Sea.

According to Roman Neyter, a researcher at the Center for Food and Land Use Research at the Kyiv School of Economic Institute, Russia's invasion has affected Ukraine's ability to export agricultural products to "feed 400 million people a year around the globe."

Millions of people around the world are facing food shortages because of damage from the war, according to researchers.

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2.5 million acres. That is how much winter crops could be lost because of the war.

Key Background

According to the U.S. Department of Agriculture, Ukraine is the fifth largest exporter of wheat, the fourth largest exporter of corn, and the top exporter of sunflower oil and meal. About 20 million tons of grain were stuck in the country because of the suspension of port activity. Grain exports from the country were down in May compared to the previous year. Reports that Russia has stolen Ukrainian grain to send it around the world for its own profit were supported by the U.S. and United Kingdom. Satellite imagery from Maxar Technologies appears to show Russian ships carrying stolen grain. Russia's invasion of Ukraine has cost the country up to $600 billion, with $92 billion of damage to its infrastructure, according to the Kyiv School of Economics.

In a speech on Tuesday, President Joe Biden said he was working with European allies to move 20 million tons of grain locked in Ukraine to bring down food prices. Biden said the grain can't be moved through the Black Sea because it would get blown out of the water. The U.S. and Europe are working with Ukraine to build temporary silos on the Polish side of the border to move grain around the world.

There is a lot of information about where Russia's 'Stolen' Grain is going.

A study suggests that the cost of Russia's invasion is $600 billion.