You're reading: Russia Still Earning Billions From Oil & Gas, Commodities

Russia Still Earning Billions From Oil & Gas, Commodities

By Kyiv Post.
The logo of Russia's energy giant Gazprom at one of its petrol stations in Moscow on May 11, 2022. Russian gas transiting Ukraine for Europe dropped on May 11 after Kyiv said it was suspending flows along a key route as Moscow continues its invasion. The move fuels fears that the Kremlin's campaign in its pro-Western neighbour could see gas supplies to Europe via Ukraine cut off at a time when prices have already soared. (Photo by Natalia KOLESNIKOVA / AFP)
Photo by AFP

Russia continues to earn around $1 billion per day from the sale of hydrocarbons and commodities, Bloomberg has reported.

By way of conclusion the article said that these funds continue to fund Russia’s war machine despite strenuous efforts by the European Union to impose an embargo on Russian oil purchases. The invasion of Ukraine has pushed the U.S. and the European Union to rethink this relationship.

 

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