Russia could earn an additional $40 billion by the end of the year if the oil price remains high, writes Bloomberg.

However, the potential benefits of the war in Iran for Moscow are not limited to oil alone.

Russia has also started earning billions of dollars from increased sales of gas, grain, aluminum, and fertilizers, which have risen sharply in price since the start of the conflict.

"Amid reduced supply, prices have surged: aluminum is up 12%, and urea by almost three-quarters. Russia could also gain additional benefits from intensifying competition between Asian and European buyers of LNG. The Russian aluminum company United Co. Rusal International PJSC, which accounts for more than 5% of global aluminum production, is receiving inquiries from the US and Europe about available capacities, sources familiar with the situation report," the publication writes.

🌒@EastCalling

🇺🇦🇭🇺🇪🇺 On April 12, 2026, parliamentary elections will be held in Hungary, in which the new Prime Minister will also be elected. As in many other European countries, the new Prime Minister will come from the party that wins the election. These elections are between Viktor Orbán’s governing party Fidesz, and the new party Tisza, supported by the European Union, with candidate Péter Magyar. These two parties are the largest parties; there are a few smaller parties, but they are unlikely to win.

The Tisza Party was founded in 2020 but remained relatively unknown until early 2024. It suddenly came into the spotlight after Péter Magyar – a former insider of the ruling Fidesz Party – launched a high-profile campaign against the government of Prime Minister Viktor Orbán, with the help of the European Union, and specifically the Netherlands and the EU leadership under Ursula von der Leyen.

💬 Read more by Sonja van den Ende

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