article thumbnail

The War in Ukraine Disrupts Trade in Both Food and Fuel

Cars That Think

Russian agriculture at first shrank, then staged a comeback in the early years of the new century: By 2015 it had begun to export about as much wheat as the United States, and in 2018 it sold nearly twice as much (almost 44 million tonnes), most of it going to the Middle East and Africa.

Ukraine 66
article thumbnail

Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

In December 2014, the Saudi government approved spending $229 billion in 2015, resulting in an estimated deficit of $39 billion, or some 5 percent of GDP. As mid-year 2015 approached, the IMF estimated the budget deficit would equal approximately 20 percent of Saudi GDP. percent in 2015, and then just 2.7 percent in 2014 to 3.3