How Russia DOUBLED Its Fossil Fuel BILLIONS by Invading Ukraine
Channel: On Demand News
Category: News & Politics
Description: Despite the wave of international sanctions that threatened to crush its economy, Russia has managed to double its revenues from selling fossil fuels to the EU since invading Ukraine. Benefiting from the soaring cost of fuel even as its export volume dropped drastically, the Kremlin has been able to generate almost 62 billion euros from the sale of oil, gas and coal in just two months. It's a paradoxical dynamic: the harsher the sanctions, the higher the price of the gas is going to get. As the main source of gas for several nations, the Kremlin has a stranglehold on Europe's energy supply, even while governments have frantically sought to prevent Vladimir Putin using oil and gas as an economic weapon. #Ukraine #Russia #War Subscribe here: bit.ly/ODNsubs Twitter: twitter.com/ODN Facebook: facebook.com/ODN If you wish to purchase any of our clips for commercial use, please visit: itnproductions.co.uk/news
