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Date: 2025-07-01 Page is: DBtxt003.php txt00021823
SANCTIONS ON RUSSIA
ALJAZEERA ... COUNTING THE COST

AlJazeera Counting the Cost ...


Original article:
Burgess COMMENTARY

Peter Burgess
Can oil and China help Russia survive Western sanctions? | Counting the Cost

76,050 views

Mar 7, 2022

Al Jazeera English

8.78M subscribers

Massive Western sanctions over the war in Ukraine have excluded some of Russia's banks from the SWIFT payment system and barred the central bank from accessing its huge dollar reserves.

But the country's biggest earner - the oil and gas industry - has been spared.

Most of Europe relies on Russia for energy. China is also a sizable consumer. Moscow and Beijing share warm ties and Russia could move towards Chinese financial initiatives set up to rival the West.

We also look at the implications of the war for global food security. More than a quarter of wheat exports come from Russia and Ukraine and grain prices have skyrocketed.






























































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