Russian-Ukraine war casts a shadow on Gaza’s economy

Russian-Ukraine war has caused a rise in food supplies, especially wheat, in several countries, in addition to the halting of commercial shipping.

No sooner had the economic situation in the Strip gradually recovered from the repercussions of the pandemic; than this war came to deepen the suffering of people as the increase in the prices of raw materials affected the food industries, in light of the almost complete dependence on imported materials.

Some factory owners estimated that the price hike so far reached 200%, and it is still rising, leading to a decrease in demand for many products.