A staggering 71 million more people around the world are experiencing poverty as a result of soaring food and energy prices that climbed in the weeks following Russia’s war in Ukraine.
that climbed in the weeks following Russia's invasion of Ukraine, the United Nations Development Program said in a report Thursday.
In low-income countries, families spend 42% of their household incomes on food but as Western nations moved to sanction Russia, the price fuel and staple food items like wheat, sugar and cooking oil soared. Ukraine's blocked ports and its inability to export grains to low-income countries further drove up prices, pushing tens of millions quickly into poverty.“The cost of living impact is almost without precedent in a generation...
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