- August 8, 2022
- Posted by: Stratford Team
- Category: Economy
Western nations were horrified after Russia’s bloody invasion of Ukraine almost six months ago and placed unprecedented sanctions on Putin’s regime. However, the Rouble – following a relatively short crash – is now the strongest performing currency in the world. The Russian economy has taken a hit, but so has the world economy. Energy, specifically natural gas, has become Putin’s unconventional weapon of choice against Europe, and the effects of turning off the taps have been relatively one-sided.
Energy expert from Keele University, Dr Samir Dani, told Express.co.uk Russia has been making a profit on its oil and gas since the war began, despite reducing sales to Europe.
Moscow has cut supplies to Europe, sparking fears of a crisis there over the winter months but the increased energy prices mean that sales to China and India to make up for the loss.
Dr Dani said: “From my perspective, they have reduced gas supply to Europe, but their gas…
