How Mukesh Ambani, Gautam Adani Are Benefiting From Ukraine War
Free Press Journal
2022-05-19
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#Reliance #Adani #Billionaires #RussiaUkraineWar #CrudeOil #Coal #Petroleum #Inflation
India’s top magnates Gautam Adani and Mukesh Ambani gained huge profits from the war in Ukraine. The global decline in the supply of oil and coal saw an increase in exports leading to an exponential growth of wealth for these billionaires. Adani made a profit of $25 billion through exports from his coal mines in Australia and Indonesia. Through purchase of discounted cargoes of crude oil, Reliance has made its biggest quarterly profits.
India’s top magnates Gautam Adani and Mukesh Ambani gained huge profits from the war in Ukraine. The global decline in the supply of oil and coal saw an increase in exports leading to an exponential growth of wealth for these billionaires. Adani made a profit of $25 billion through exports from his coal mines in Australia and Indonesia. Through purchase of discounted cargoes of crude oil, Reliance has made its biggest quarterly profits.
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