On 16 March 2022, as Russia\u2019s war on Ukraine entered its second month, Kazakhstan\u2019s President Kassym-Jomart Tokayev\u00a0warned\u00a0his people that \u2018uncertainty and turbulence in the world markets are growing, and production and trade chains are collapsing\u2019. A week later, the United Nations Conference on Trade and Development (UNCTAD) released a brief\u00a0study\u00a0on the immense shock that will be felt around the world due to this war. \u2018Soaring food and fuel prices will have an immediate effect on the most vulnerable in developing countries, resulting in hunger and hardship for households who spend the highest share of their income on food\u2019, the study noted. South of Kazakhstan, in the Kyrgyz Republic, the poorest households already\u00a0spent\u00a065% of their income on food before these current price hikes; as food inflation rises by 10%, the impact will be catastrophic for the Kyrgyz people.<\/p>\n
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