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→Russian sanctions
The [[United States Treasury]] seized Russian assets in the United States and refused to allow the Russian government to pay U.S. bond holders of Russian debt with dollars. The United States slapped over 9,600 sanctions against Russian officials, the state, companies, oligarchs and other entities, more restrictions against it than [[Iran]], Syria, [[North Korea]], [[Venezuela]] and [[Myanmar]] combined. President Putin responded, “The calculation was to quickly undermine the financial and economic situation in our country, to provoke panic in the markets, the collapse of the banking system, and a large-scale shortage of goods in stores...We can say with confidence that this policy against Russia has failed - that the strategy of the economic blitzkrieg has failed...Moreover, the sanctions were not without consequences for the initiators themselves...I am referring to the growth of [[inflation]] and [[unemployment]], the deterioration of economic performance in the United States and the countries of Europe, the decline in the standard of living of the Western peoples and the devaluation of their savings”.<ref>https://news.yahoo.com/wests-economic-blitzkrieg-unsuccessful-putin-153450454.html</ref>
The [[United States Treasury]] seized Russian assets in the United States and refused to allow the Russian government to pay U.S. bond holders of Russian debt with dollars. The United States slapped over 9,600 sanctions against Russian officials, the state, companies, oligarchs and other entities, more restrictions against it than [[Iran]], Syria, [[North Korea]], [[Venezuela]] and [[Myanmar]] combined. President Putin responded, “The calculation was to quickly undermine the financial and economic situation in our country, to provoke panic in the markets, the collapse of the banking system, and a large-scale shortage of goods in stores...We can say with confidence that this policy against Russia has failed - that the strategy of the economic blitzkrieg has failed...Moreover, the sanctions were not without consequences for the initiators themselves...I am referring to the growth of [[inflation]] and [[unemployment]], the deterioration of economic performance in the United States and the countries of Europe, the decline in the standard of living of the Western peoples and the devaluation of their savings”.<ref>https://news.yahoo.com/wests-economic-blitzkrieg-unsuccessful-putin-153450454.html</ref>
===Fertilizers===
American and European sanctions on Russian fertilizer exports killed global food production.
===Food shortages===
===Food shortages===