Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Varadkar does not think halting of Ukraine grain deal will cause inflation spike

Russia on Monday ended a deal that allowed grain to be exported from the port of Odesa.

By Grinne N. Aodha
Tuesday 18 July 2023 12:12 BST
Leo Varadkar is in Brussels for an EU summit (PA)
Leo Varadkar is in Brussels for an EU summit (PA) (PA Wire)

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

Irish premier Leo Varadkar has said he does not believe Russia’s decision to end a deal that allowed the export of grain from Ukraine will affect the price of groceries.

The Taoiseach was responding to Moscow’s decision on Monday to break off a deal allowing vital grain supplies to be shipped from the port of Odesa during the war.

The United Nations and Ukraine’s western allies criticised Moscow for halting the Black Sea Grain Initiative, saying it put many lives in peril.

Hunger is a growing threat in Africa, the Middle East and Asia, and high food prices have pushed more people into poverty.

If the Russians persist in this policy well then we'll have to find other ways to get the grain and to get the fertiliser out

Leo Varadkar

The Kremlin said the agreement will be suspended until Moscow’s demands to lift restrictions on exports of Russian food and fertiliser to the world are met.

Speaking in Brussels on the second day of an EU summit, Mr Varadkar said: “I don’t think we’re at that point yet. When the war in Ukraine started there was a big shock to energy prices and then a big shock to food prices as well, but we found ways around that and we found ways to adapt to it by finding other sources of energy, for example.

“So I don’t think we’re going to see another spike in inflation because of this, but we do need to work on it.

“There are other ways to get grain out of Ukraine, for example, through Romania and through Poland.

“If the Russians persist in this policy well then we’ll have to find other ways to get the grain and to get the fertiliser out.

“What Russia has done is very wrong, it’s not just going to affect people in Ukraine, it’s going to affect people in the poorest part of the world.

“I’m here talking to countries and leaders from Latin America, from the Caribbean, you can add to that Africa and Asia, it’s people in those countries that will bear the worst effects of what Russia has decided to do.

“We have to try and get around what they’ve done now by finding ways to get the grain out of Ukraine through European ports.”

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in