All because of sanctions.
Bananas and flowers that cannot get to Russia due to sanctions are accumulating as Russia's war in Ukraine causes chaos in small countries. This was reported by The Wall Street Journal.
“Traffic jams” are forming in European ports. And producers have faced oversaturation. More than 45,000 pounds of bananas are “stuck” in Ecuador.
Russia's invasion of Ukraine is to blame for this predicament for banana farmers in Ecuador. Russia was the main buyer of Ecuador's third largest export: bananas, which brought in $ 3.5 billion last year.
In Russia itself, as a result of sanctions, bananas may become in short supply or disappear from stores altogether.
Earlier, Russian authorities said they planned to regulate food prices . However, sugar in the country continues to rise in price.
