Posted on 06/13/2022 3:21:55 PM PDT by Mariner
Russia’s invasion of Ukraine triggered global condemnation and tough sanctions aimed at denting Moscow’s war chest. Yet Russia’s revenues from fossil fuels, by far its biggest export, soared to records in the first 100 days of its war on Ukraine, driven by a windfall from oil sales amid surging prices, a new analysis shows.
Russia earned what is very likely a record 93 billion euros in revenue from exports of oil, gas and coal in the first 100 days of the country’s invasion of Ukraine, according to data analyzed by the Center for Research on Energy and Clean Air, a research organization based in Helsinki. About two-thirds of those earnings, the equivalent of about $97 billion, came from oil, and most of the remainder from natural gas.
“The current rate of revenue is unprecedented, because prices are unprecedented, and export volumes are close to their highest levels on record,” said Lauri Myllyvirta, an analyst who led the center’s research.
Fossil fuel exports have been a key enabler of Russia’s military buildup. In 2021, revenue from oil and gas alone made up 45% of Russia’s federal budget, according to the International Energy Agency. The revenue from Russia’s fossil fuel exports exceeds what the country is spending on its war in Ukraine, the research center estimated, a sobering finding as momentum shifts in Russia’s favor as its forces focus on important regional targets amid a weapons shortage among Ukrainian soldiers.
(Excerpt) Read more at yahoo.com ...
They chose to emote and throw a fit.
Now worldwide inflation threatens nearly every nation, shortages abound and Russia holds the keys.
Damn, I hate those stupid bastards.
I guess the democrats didnt learn when the russians humiliated jimmy carter
Come on Speedy, come on Williams.
Tell us how it was all worth it because your INTENTIONS were good!
Putin loves Biden. Hugs and kisses from Putin to Biden.
It’s not just Democrats.
It’s Republican neocons.
Dozens of the retarded bastards right here on FR.
So, the “experts” and “geniuses” in our govt were wrong again. Putin is a murdering scoundrel but he’s smarter than anyone in our feckless incompetent administration. Give the Devil his due.
Putin loves Republican neocons.
He’ll make a PROFIT off this war.
Sounds like Brandon is colluding with RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA! RUSSIA!
Current revenues EXCEED THE COST OF THE WAR!
And just today, Libya announced it was shutting down its oil exports due to on-going civil war there.
Anyone remember how that civil war started. two hints:
- hope and change!
- we came, we saw, he died! cackle!
Anyone wanna guess?
All of the boomeranging suicide sanctions need to be ended now.
They aren’t “Punishing Putin” as the sales pitch of the warmongering globalists claims.
They are punishing the people of Western countries with decreased supplies and increased proces.
Yup, regardless of political spot or stripe, they are all maniacs. This behavior benefits nobody, and we do it over and over again.
Until we can’t.
Never underestimate the ability of Joe to F*** things up. -—Obozo
What? No condemnation from the NY Slimes on Russia’s lack of a green energy program?
Good for Russia.
So we’re paying the Ukes to lose a war while everyone else pays the Russians for their oil! Outstanding Joe, just outstanding.
“So we’re paying the Ukes to lose a war while everyone else pays the Russians for their oil! Outstanding Joe, just outstanding.”
Beautiful.
So, the only question is ... is joe’s 10% based on total sales, or just the increase?
“All of the boomeranging suicide sanctions need to be ended now.”
It’s the only right answer.
Hopefully Russia will be magnanimous.
Sucks to be a Ukrainian, but I don’t care about them.
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