BRICS Nations Propose Joint Food Reserves as Middle East Crisis Triggers Global Supply Shock
BRICS nations are mobilizing to establish emergency joint food reserves as the escalating Middle East conflict threatens to trigger a global food security crisis, with Russia leading the push for the bloc to insulate itself from supply chain collapse. The proposal comes amid severe disruptions to fertilizer and grain exports that threaten to destabilize markets worldwide, with India already experiencing critical LPG shortages and hospitality sectors imposing crisis surcharges.
BRICS Could Discuss Food Reserves in the Upcoming Summit
The BRICS alliance could discuss the formation of a joint food reserve in the upcoming summit in India. The 18th BRICS summit will see the 11-member alliance come together to discuss ways to protect their economies.,said Alexander Maslennikov, deputy secretary of Russia’s Security Council.