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Ukraine War’s Spillover Swamps Poor Countries Still Reeling From Covid-19
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wsj.comOver the past 120 years, a Beirut bakery has survived civil war, Lebanon’s financial crisis and the Covid-19 pandemic. Fighting in Ukraine, disrupting food and energy supplies world-wide, may soon put it out of business.
Zouhair Khafiyeh’s storefront is empty of the pastries and meat-stuffed pies he has sold for years, which helped put his children through college. The cost of a bag of flour on the black market has gone up more than 1000% since Russia’s Feb. 24 invasion. Mr. Khafiyeh has raised his prices by 50%, he said, and now bakes only when customers order and pay up front.
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