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Why the Russia, Ukraine crisis will see you pay more for fuel
The crisis in Ukraine will have you paying more for fuel after oil prices climbed to a new, all-time high
Oil prices are climbing on fears that the Ukraine-Russia crisis will disrupt supplies across the world.
The price of Brent crude reached a seven-year high of $97.65 USD a barrel on Tuesday following an announcement by Russian President Putin ordering troops into two rebel-held regions in Ukraine’s east after it recognised them as independent states.
The UK and several western allies have threatened sanctions on Russia.
Russia is the second largest oil exporter after Saudi Arabia
The Kremlin has stated that its troops will engage in “peacekeeping” in the self-declared Donetsk and Luhansk people’s republics – but those comments have been met with questions by the west, with the US calling such peacekeeper comments “nonsense”.
The White House says that Russia is creating a pretext for war.
Russia is also the world’s top producer of natural gas
A report by the BBC stated that sanctions forcing Russia to supply less crude or natural gas would have “important impact on the global economy.”
Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.
The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.
The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.
Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.
Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured
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