Ukraine War

Top European officials have accused the Biden administration of profiting from the war in Ukraine. The explosive comments come as the EU faces an acute energy crisis as winter approaches. Putin’s invasion of Ukraine is pushing European economies toward recession while the US is benefitting, some officials claim. Inflation and a devastating squeeze on energy supplies threaten the EU with blackouts and rationing this winter. European Union members have turned to the US for gas to reduce their reliance on Russian fuel. However, the price the EU is paying is four times higher than what Americans shell out for the same product.

Credit CRUX