The Russian president’s announcement that countries “unfriendly” to Moscow must pay for gas deliveries with rubles shows that he’s willing to use energy as a weapon in the Ukraine war. It puts the West in a tight spot.
The war in Ukraine has wreaked havoc on the global economy as the world reels from high energy and metal prices. As the war rages, DW looks at the fallout on commodity markets since the February 24 invasion.
Commodity markets are in the spotlight as Russia keeps selling its oil and gas through specialized dealers in Switzerland. The business brings in billions of dollars that could be used to fight the war in Ukraine.
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