Putin warns of higher global food prices if export restrictions applied

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Russian President Putin meets with the head of the Russian Union of Industrialists and Entrepreneurs Shokhin in Moscow

– Global food prices will rise further if western nations intensify economic pressure on Russia, a major global fertilizer producer, President Vladimir Putin said.

Russian Agriculture Minister Dmitry Patrushev told a governmental meeting chaired by Putin that Russian food security was ensured and that Moscow would continue to service its export obligations for global agriculture markets.

(Reporting by Reuters)