As the global energy market continues to reel from the ongoing conflict in Ukraine, a stark contrast is emerging between the economic fortunes of Russia and its ally Belarus. While Ukraine bears the brunt of a brutal Russian invasion, Moscow has been enjoying a significant windfall from skyrocketing oil prices. The surge in global energy costs has seen Russia's oil exports reach record highs, generating billions of dollars in revenue for the Kremlin. Meanwhile, Belarus, a key ally of Russia, is struggling to cope with the economic fallout of the conflict, highlighting the uneven impact of the war on Russia's closest allies.
Moscow has been benefitting from the higher oil prices while its ally is under attack.
