Tag Oil

Russia and Algeria: The Untapped Reserve of Partnership

Russia and Algeria have been close partners since 1962, yet their trade in 2020 came to only about $3 billion. Russia sends wheat, steel and chemicals, while Algeria sends citrus fruit, dates and olive oil. Sanctions push Russia toward new markets, and Algeria wants to depend less on Europe.

Axis of Destabilization: Russia – Hamas – Iran

In March 2023, a Hamas delegation visited Moscow, and months later Hamas attacked Israel on October 7. Russia and Iran arm Hamas and other militants, while Iranian drones fly for Russia in Ukraine. Every flare-up in Gaza lifts oil prices, filling the war chests of Moscow and Tehran.