From The New York Times: "Russia earned what is very likely a record [$97 billion] in revenue from exports of oil, gas and coal in the first 100 days of the country's invasion of Ukraine, according to data analyzed by the Center for Research on Energy and Clean Air, a research organization based in Helsinki, Finland."
Oh, but it gets better…
Per a story at Bloomberg, Team Biden is "privately expressing concern" that Vladimir Putin and his cronies are making out just fine amid the sanctions… while everyday folks worldwide are paying the price with accelerating inflation and food shortages.
"When the invasion began, the Biden administration believed that if penalties exempted food and energy, the impact on inflation at home would be minimal.
"Since then, energy and food have become key drivers of the highest U.S. inflation rates in 40 years, a huge political liability for President Joe Biden and the Democratic Party heading into November's midterm elections."
Reminds us of a meme we ran across this morning…
(by 5 Min. Forecast )
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