"Russia earns 150 million dollars every day": in Moscow, Vladimir Putin reaps the benefits of the war in Iran
The article discusses how Russia is profiting from increased oil prices due to the conflict in Iran, with President Putin aiming to leverage this to bolster his position in Ukraine.
The article reports on Russia's substantial financial gains resulting from the surge in oil prices amid the ongoing conflict in Iran, particularly following Israeli-American strikes. It notes that while many other countries are facing panic due to the situation, Russia is experiencing a boon, with the price of its flagship Urals crude oil rising over 70% since the start of the conflict. As of early March, the price of Urals exceeded that of Brent, highlighting Russia's lucrative position in the global oil market.
The context of these developments reveals a dual strategy from the Kremlin, where financial gains from oil sales are intended to serve not only domestic economic purposes but also to strengthen Russia's geopolitical stance, particularly concerning its involvement in Ukraine. The article emphasizes that the Kremlin hopes to exploit the chaos in the Middle East to ensure its advantage and further its objectives in the region and beyond.
However, the article also points out the challenges and obstacles that could prevent Putin from fully capitalizing on these circumstances. Despite the immediate financial benefits, there are underlying geopolitical tensions and potential repercussions from international communities that could limit Russia's ability to emerge as a long-term winner in this complex situation. The interdependencies of global economies mean that these sudden boons can also come with risks that might affect Russia's future strategies.