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Al-Araby
Al-Araby
Syria’s Council of Ministers announced on Thursday that it would ration reserves of basic goods such as wheat, sugar and cooking oil in anticipation of supply shocks from the Russian invasion of Ukraine. The Council of Ministers said that it would also limit public spending as it expected global commodity prices to rise. Wheat prices already jumped dramatically this week after news of Russian troops entering Ukraine roiled global markets. Ukraine and Russia, known as the breadbasket of Europe, supply almost a 30 percent of the world’s wheat export, along with other key commodities such as corn…