Its not just a security failure with a nuclear threat that make it a world problem. 

Misha Glenny reviewing new book The Age of the Strongman by Gideon Rachman draws out some ripples

"In the past month the price of soya has increased 10%, making the widespread illegal deforestation under Brazil’s president, Jair Bolsonaro, even more lucrative than before. Brazil is blaming the problems with the supply of fertiliser not on Russia but on western sanctions, which were imposed without Brasília being consulted."

“The rise in the price of a number of food staples – including wheat, sunflower oil and ingredients used in fertiliser – has already led many governments to hit the panic button. Egypt, with 100 million people, is scrambling to secure dwindling supplies, as are equally populous countries such as Bangladesh and Indonesia.”

https://www.theguardian.com/books/2022/apr/10/the-age-of-the-strongman-by-gideon-rachman-review-democracy-muscled-out