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World Bank

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Russia-Ukraine Crisis
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Indermit Gill, World Bank Global

Food and Energy Price Shocks from Ukraine War Could Last for Years: World Bank

The increase in energy prices over the past two years has been the largest since the 1973 oil crisis. Price increases for food commodities—of which Russia and Ukraine are large producers—and fertilizers, which rely on natural gas as a production input, have been the largest since 2008.

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