Russian President Vladimir Putin said sanctions imposed by Western nations would lead to a global food crisis, Reuters reported.

Putin said higher energy prices and fertilizer shortages would mean Western nations would have to print more money to buy supplies, which would cause food shortages in poorer countries.

“They will inevitably exacerbate food shortages in the poorest regions of the world, spur new waves of migration, and, in general, drive food prices even higher”, - Putin said in a meeting on developing food production, Reuters reported.

Putin also suggested Russia wouldn’t export food to countries “hostile” to it.

“We will have to be more careful about food supplies abroad, especially carefully monitor the exports to countries which are hostile to us”, - said Russian leader.