If our market were to be compared with an explosive minefield, Putin would be the chief operative. He writes the rules, he controls the game and timing. Now that his violent offensive in Ukraine is showing signs of weakness, he counter-attacks on other grounds. First gas and oil, now food. His objectives are to take control of world food supply, to boost EU food and energy inflation and to gather the «rest of the world» against Western sanctions. Buoyant for UK prices!
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