Russia proposes creation of joint food reserves with BRICS to address Middle East conflict impacts

Source: Brasil 247 | Original Published At: 2026-04-13 10:04:09 UTC

Key Points

• Russia proposed establishing joint food reserves with BRICS countries and allies to address global food security risks stemming from Middle East conflicts.
• The initiative includes BRICS members and countries from the Eurasian Economic Union, led by Moscow.
• Russian officials warn that fertilizer trade disruptions through the Strait of Hormuz could reduce agricultural productivity by up to 50%.
• International organizations including the World Bank, IMF, and UN World Food Programme have warned of rising energy and fertilizer prices affecting global food inflation.
• Russia aims to increase agricultural exports by up to 50% by 2030, with Egypt, China, and India among key wheat export destinations.
• An estimated 673 million people worldwide could face hunger amid current food security challenges.