In the latest episode of Ukraine This Week, Anna Belokur examines how the new war in the Middle East could strengthen Russia’s ability to keep financing its invasion of Ukraine. As fighting between Iran, Israel, and the United States disrupts global oil supply, prices have surged — giving Russia an opportunity to earn far more from energy exports. The episode explores how oil revenues fuel Russia’s war economy, how sanctions have tried to limit that income, and why rising prices — alongside Washington’s easing of restrictions on Russian oil — could undermine those efforts.

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