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China Daily / 2022-09 / 26 / Page008

Ukraine conflict big pay day for its instigator

China Daily | Updated: 2022-09-26 00:00

On Sept 19, the US Department of Energy said that it would release another 10 million barrels of oil reserves.

According to estimates, with Russia having cut its liquid natural gas supply, US LNG suppliers have made so much profit that every ship taking LNG to Europe can earn over $100 million. The US profiteering from the conflict is doubtlessly gross.

Just as the money flow shows, the Russia-Ukraine military conflict has not only changed geopolitics in Europe, but also deeply influenced the global energy landscape. Russia is suffering because of the sanctions. Europe is suffering from the lack of gas. The US companies are making huge profits.

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