War-related disruptions to supply of Russia’s top exports and their soaring prices affect crucial economic sectors in the EU and worldwide. Importantly, the EU is Russia’s top energy client, having imported 27 % of its oil and 46 % of its coal from the country in 2021. Since Russia and Ukraine provide over a third of global wheat exports, the war poses a serious risk of a food crisis in many regions of the world, which also exacerbates the rise of global inflation. Shortages of gold and silver may affect many industrial sectors such as electronics, batteries, automotive and machinery.
Top 5 products exported by Russia worldwide
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