Libya grapples with mounting food costs, diminishing oil revenues
Like most of its North African peers, Libya has been grappling with rising wheat costs following the outbreak of the Russia-Ukraine war. Combined with the April blockade of a number of oil plants, the country is particularly vulnerable and unable to benefit from the global rise in oil prices.
The current situation is rooted in the political divisions of the post-Gaddafi period. In February 2021, the international community welcomed the election of UN-backed prime minister Abdul Hamid Dbeibeh as a unifying figure after years of political divisions and bloody conflicts.
