How the world is paying for Vladimir Putin’s war in Ukraine
Russia is being propelled by a flood of cash that could average $800 million a day this year — and that’s just what the commodity superpower is raking in from oil and gas.
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In early March, as the US and its allies unleashed a wave of sanctions on Russia, President Joe Biden stood in the White House and said they wanted to deal a “powerful blow to Putin’s war machine.”
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But as the war in Ukraine approaches its 100th day, that machine is still very much operational. Russia is being propelled by a flood of cash that could average $800 million a day this year — and that’s just what the commodity superpower is raking in from oil and gas.
For years, Russia has acted as a vast commodity supermarket selling what an insatiable world has needed: Not just energy, but wheat, nickel, aluminum and palladium too.
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https://www.moneycontrol.com/news/world/how-the-world-is-pay…