LONDON - A global food crisis looms unless the war in Ukraine is stopped because fertiliser prices are soaring so fast that many farmers can no longer afford soil nutrients, Russian fertiliser and coal billionaire Andrei Melnichenko said on Monday .
"The events in Ukraine are truly tragic. We urgently need peace," Melnichenko, 50, who is Russian but was born in Belarus and has a Ukrainian mother, told Reuters in a statement emailed by his spokesman.Melnichenko is the founder of EuroChem, one of Russia's biggest fertiliser producers, which moved to Zug, Switzerland, in 2015, and SUEK, Russia's top coal producer.
The war "has already led to soaring prices in fertilisers which are no longer affordable to farmers," Melnichenko said."Now it will lead to even higher food inflation in Europe and likely food shortages in the world’s poorest countries," he said. A mathematician who once dreamt of becoming a physicist, Melnichenko dropped out of university to dive into the chaotic - and sometimes deadly - world of post-Soviet business.
Melnichenko "has no relation to the tragic events in Ukraine. He has no political affiliations," his spokesman said.
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