The US and its G7 partners have slapped more than 300 economic sanctions on Russia since the invasion of Ukraine over a year ago. Initially, Washington and Brussels pitched the idea of sanctions as a strategy to paralyze Moscow. However, Western sanctions have backfired as Russian companies are redrawing commodity flows from the West to Asia.
The latest example of global supply chains being rejiggered comes from Russia's biggest miner MMC Norilsk Nickel PJSC. Bloomberg said the miner recorded 45% of revenue from Asia for the first…Top Russian Miner Now Receives Half Of Its Revenue In Asia
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