In yet more unintended blowback from Washington’s Iran war gambit, now in its fourth week, President Vladimir Putin said Monday that Russian oil and gas companies must use windfall profits from the Iran war to reduce debt. It’s been no secret that higher crude prices, amid the ongoing massive disruption to global energy supplies due to the Hormuz Strait effective closure, have been a boon to Russia as it continues to fund its war machine in Ukraine.
At a meeting with senior economic officials, Putin said Russian energy firms
Putin Again Tells Energy Giants To Use Iran War Windfall To Pay Off Bank Loans: ‘Wise Decision’
