  The 2022 Russia Ukraine War has led to many sanctions being placed on Russia
and Ukraine. The paper will discuss the impact the 2022 Russian Sanctions have
on agricultural food prices and hunger. The paper also uses Instrumental
Variable Analysis to find how Cryptocurrency and Bitcoin can be used to hedge
against the impact of sanctions. The 6 different countries analyzed in this
study including Bangladesh, El Salvador, Iran, Nigeria, Philippines, and South
Africa, all of which are heavy importers of wheat and corn. The paper shows
that although Bitcoin may be volatile compared to other local currencies, it
might be a good investment to safeguard assets since it is not correlated with
commodity prices.Furthermore, the study demonstrates that transaction volume
has a strong relationship with prices.
