How Russia pays for its war

How Russia pays for its war
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Islam News – Western nations imposed sanctions on Russia after it invaded Ukraine. But the punishments may have only limited effect: The value of Russia’s exports actually grew after the invasion, a New York Times analysis shows.

The volume of Russia’s imports has plunged as sanctions and trade limits went into effect, but a few countries have deepened their relationships with Russia since the war began. Imports from Turkey have increased by 113 percent, and Chinese imports have increased 24 percent.

Russia remains one of the world’s most important producers of oil, gas and raw materials. Many countries have found living without Russian raw materials incredibly difficult, and the high price of oil and gas in the last year has offset revenue lost to sanctions. India and China have emerged as much bigger buyers of Russian crude, albeit at a discounted rate.

Infrastructure: Russian strikes knocked out most of Kyiv’s water.

Grain: After suspending its participation in a grain deal, Russia said it won’t guarantee security for any cargo vessels crossing the Black Sea. Some African countries face immediate pain from its suspension.

Source: The New York Times

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