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Reuters
Reuters
Business
Andrea Shalal

Ukraine war-related inflation may drive protests and riots, World Bank warns

Ukraine World Bank Russia Middle East Carmen Reinhart Africa
People flee near a destroyed bridge to cross Irpin River as Russia's invasion on Ukraine continues, in Irpin outside Kyiv, Ukraine, March 9, 2022. REUTERS/Mikhail Palinchak

Soaring energy and food prices triggered by Russia's invasion of Ukraine could exacerbate existing food security concerns in the Middle East and Africa, and may fuel growing social unrest, World Bank chief economist Carmen Reinhart said.

Germany will host a virtual meeting of agriculture ministers from the Group of Seven (G7) advanced economies on Friday to discuss the impact of the invasion amid growing concerns about stabilising food markets.

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