Russia energy exports

Russia sees 38% rise in energy export earnings this year
www.reuters.com/business/energy/exclusive-russia-forecasts-e…
Higher oil export volumes, coupled with rising gas prices, will boost Russia’s earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according to an economy ministry document seen by Reuters.

The jump in revenues, if it materialises, will help shore up Russia’s economy in the face of waves of Western sanctions. It will provide President Vladimir Putin with cash to fund military spending or to boost wages and pensions at a time when the economy has fallen into recession and inflation is eroding living standards.

DB2

4 Likes

I find it interesting that there have not been any sanctions on Russia selling gold.

Jeff

1 Like

I find it interesting that there have not been any sanctions on Russia selling gold.

Jeff

https://ca.video.search.yahoo.com/search/video?fr=mcafee&…

G7 Sanctions Russia Gold & Fights China Investment
The world’s wealthiest democracies are currently at the 48th Group of Seven Summit held in Germany, where on Sunday they jointly resolved to place additional sanctions on Russia for its aggression against Ukraine and counter Chinese global investments.

Tim