According to the International Energy Agency, Russia is “the third-largest producer of oil behind the United States and Saudi Arabia, the world’s second-largest exporter of crude oil behind Saudi Arabia, and the largest overall exporter once products are included.” Russia “exports about 5 million barrels a day of crude, or about 12 percent of global trade, and around 2.85 mb/d of products, or about 15 percent of global trade.”
In 2019, Russia and Ukraine together exported more than a quarter (25.4 percent) of the world’s wheat, according to the Observatory of Economic Complexity. The U.S. exported 15.7 percent.
Right now, the aim …
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This article was originally published by Nationalreview.com. Read the original article here.