Russia is a petro state. Their economy runs on exporting oil and natural gas. So the EU and the US threatened to sanction the sheet out of them if they invaded Ukraine. As you might recall (who am I kidding, most of you barely read a paper) when Vlad started making threats in 2021 the price of crude was about $50/barrel.
Today? About $80. So Putin is selling his oil to China and India and the price of oil and natural gas in Europe is thru the fricken roof! OUCH!
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