Putin’s Russia has been hit by fierce economic sanctions from the West, but despite the harsh measures, which include branches of Western chains, Russia’s economy has fared well through the war.
Read more here: Russia’s economy shows strength: – The West knows what they have to do
Among other things, the ruble is at the same level as when the war began. A major reason for this is that the country has benefited greatly from the high prices of goods Russia produces a lot of, such as oil, gas, aluminum and fertilizers.
Sharp increase
This is clear from a recent report from Centre for Research on Energy and Air. It shows that since the start of the Ukraine war, Vladimir Putin’s Russia has raised as much as 66 billion dollars, or around 600 billion kroner, in oil, gas and coal revenues from abroad.
BREAKING: Our new research tracked the flows of EUR63 billion worth of fossil fuels from Russia in the first two months of the brutal invasion of Ukraine, revealing the largest importers. It’s time to stop supporting Putin’s war crimes. 🧵 pic.twitter.com/qjZN5wEIYz
— Centre for Research on Energy and Clean Air (@CREACleanAir) April 28, 2022
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Also read: Russia turns off the tap again: Huge bang for Norwegian electricity customers
71 percent of this, around 46 billion dollars, comes from Europe.
– Imports must stop now !, says CREA in a tweet, and comes with recommendations for how they can do it.
– We recommend all governments and buyers of fossil fuels: Stop all purchases and shipments from Russia. Implemented significant tariffs in a transitional period. Create a plan to replace all imports from Russia with clean energy and increased energy efficiency, they write further.
