News Snapshot:
Russia earns US $ 24 billion from the sale of fossil fuels to China and India, as reported by Ukraine’s Kyiv Independent regarding Bloomberg. Due to the significant rise in energy prices since Russia’s invasion of Ukraine, Russia sold oil, gas and coal to China for about US $ 19 billion, doubling last year’s index. India paid Russia about US $ 5 billion during the same period. This is five times more than it was a year ago. According to analyst Lauri Myllyvirta, China basically buys everything Russia can export using its Pacific pipelines and ports. The European Union, the...
