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Russia is facing a major crisis as the United States and Western nations impose sanctions on Russia. If sanctions are imposed, it is not possible to import and export with that country. In that sense, the United States recently banned Russia’s crude oil imports.
In this context, Russian President Vladimir Putin has commented on the sanctions imposed on his country. “Russia is one of the largest and most important fertilizer producers in the world,” he said.
Some Western countries, including the United States, have imposed sanctions on Russia. Global food prices are likely to rise sharply as some countries, including the United States, begin to intensify economic pressure on Russia.