Russian wheat exports continue — at higher prices — as sanctions on Russian agriculture aren't even being discussed because the world needs its grain.
Source: Bloomberg
The Big Take
How the World Is Paying for Putin's War in Ukraine
Russia is still taking in billions from sales of oil, gas and other commodities
In early March, as the US and its allies unleashed a wave of sanctions on Russia, President Joe Biden stood in the White House and said they wanted to deal a “powerful blow to Putin’s war machine.”
But as the war in Ukraine approaches its 100th day, that machine is still very much operational. Russia is being propelled by a flood of cash that could average $800 million a day this year — and that's just what the commodity superpower is raking in from oil and gas.