Putin slams West’s ‘predatory’ food ‘swindle’

“The US and its rich allies are causing a global food crisis by draining the market” the Russian president Vladimir Putin said

‘Predatory’ monetary and trade policies pursued by the US-led west are the primary cause of the global food crisis, Russian President Vladimir Putin said.

“Western nations are using their wealth and ability to print money to vacuum up food products from the global market, the Russian leader insisted during a government meeting on Tuesday. The unfolding crisis has been in the making for several years”, he added.

“Some leading nations have financial and food policies that led to the result we are observing now,’ Putin said, adding that the behavior could be described as ‘predatory, without any exaggeration.”

He noted that the US was a net exporter of food products last year, but now it is a net importer trying to buy most of the food out the market to cause a scarcity in supply to other nations.