Energy, Food, and War in Eastern Europe
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Nearly every dimension of the Ukraine-Russia conflict has been shaped by energy markets. Russia’s oil and gas exports have long been the foundation of its economy and geopolitical strength. Vladimir Putin’s decision to invade Ukraine — like his annexation of Crimea in 20 ...
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Ukraine and Russia are enormous producers of wheat, corn, barley, sunflower oil and fertilizer. One study calculated that the two countries accounted for 12 percent of the world’s calories. With Ukraine under attack and Russia hit with strict sanctions, a huge supply of ...