Opinion: The economic and business winners and losers in Putin’s year-old war against Ukraine

The reshaping of everything from energy markets to supply chains has created a bevy of winners and losers since Russian President Vladimir Putin launched his murderous invasion a year ago. Herewith, my list of who is up and who is down in the economic and business worlds as the war in Ukraine intensifies.for about half of its imported natural gas, a seemingly endless supply of cheap fuel that had helped turn Germany into a manufacturing powerhouse.

As part of their sanctions package, the European Union and the U.K. stopped importing seaborne Russian crude oil in December. Russia simply diverted its oil cargoes toand especially India. Problem solved? Not quite. As buyers of last resort, China and India are demanding – and getting – huge discounts. In recent months, Russia’s benchmark Urals crude has been selling at US$25 to US$35 below Brent crude, which is trading at about US$82 a barrel.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion: Emergencies Act’s freezing of bank accounts reflects wider mess at Finance CanadaThe policy to freeze the accounts of Parliament Hill protestors is just one in a number of incompetent economic decisions made by Prime Minister Justin Trudeau’s government Keep the money hand it out to local charities on behalf of our wonderful truckers, food banks warming centers etc.. There certainly is a pattern of over reach by the Liberals. Frozen accounts( maybe the go fund me account only] Also: Gun control Migration Mandates Ukraine support Climate tax ... Tyranny in Canada
Source: globeandmail - 🏆 5. / 92 Read more »