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  • Russia now controls at least $12.4 trillion worth of Ukraine's energy, metal and mineral deposits, report says

    08/12/2022 6:34:16 AM PDT · by JonPreston · 76 replies
    Markets Insider ^ | 8/12/22 | Brian Evans
    Russia now controls $12.4 trillion worth of Ukraine's key natural resources, according to an analysis for The Washington Post by SecDev. If the Kremlin succeeds in annexing Ukrainian land seized during Russia's invasion, Kyiv would permanently lose almost two-thirds of its deposits. Moscow controls 63% of Ukraine's coal deposits, 11% of its oil, 20% of its natural gas, 42% of its metals, and 33% of its rare earths.If the Kremlin succeeds in annexing Ukrainian land seized during Russia's invasion, Kyiv would lose almost two-thirds of its deposits, the report said, denying the country of its essential economic pillars.