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Russian president thinks his biggest ally in Ukraine is time

Bloomberg As Russia’s invasion of Ukraine settles into a grinding war of attrition, one question more than any other will likely decide the outcome: On whose side is time? Much of what unfolds will be determined by unpredictable battlefield dynamics, especially as Russian forces attempt a dash for territory in eastern Ukraine before heavy artillery from the US and elsewhere ...

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Sanctions will break Russia’s economy in the end: Germany

Bloomberg Russia’s economy has been dealt a severe blow by international sanctions imposed following the invasion of Ukraine and that damage will become increasingly clear, according to Germany’s vice chancellor. The revenue Russia receives from commodities like oil and gas is “painful,” Robert Habeck, who is also the economy minister, said in a speech to parliament. But that doesn’t accurately ...

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Biden devotes $2.1 billion to bolster US food supply chain

Bloomberg The Biden administration announced $2.1 billion in new funding to bolster food supply chains, including the efforts to support smaller processors and help farmers shift to the organic production. The initiatives will begin to have an impact on lowering food inflation “as we get in the tail end of 2022 and into 2023,” Agriculture Secretary Tom Vilsack told reporters ...

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