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How Putin’s war increased theft of car parts

August 09, 2022

GZERO Staff

How Putin’s War Increased Theft of Car Parts | GZERO World

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Russia’s war in Ukraine has had a global impact, causing global food shortages, an increase in refugees and skyrocketing energy prices. But it's also responsible for a rise in one type of petty crime in the United States? Thieves have been stealing catalytic converters or CATs, which help reduce toxic fumes from vehicles.

Why? Because they're made with palladium, of which the Russians control 40% of the global supply.

And it's not just palladium. Prices of many precious metals have jumped since the invasion.

Meanwhile, things have gotten so bad in America that CAT thefts are on the rise. And you know whom to blame for that.

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How Putin’s war increased theft of car parts

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For an “isolated” world leader with a global arrest warrant to his name, Vladimir Putin is throwing a pretty decent party this week. Russia is hosting a summit of the BRICS+, a loose grouping of Global “South” countries led by Brazil, Russia, India, China, and South Africa.

BRICS Summit: A "new world order" or already a relic of the past? Is Sinwar's death the beginning of the end of the war in Gaza? Yankees versus Dodgers. Who's winning? Ian Bremmer shares his insights on global politics this week on World In :60.

The US Commerce Department is looking into whether Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, is — knowingly or unknowingly — producing computer chips for the Chinese technology giant Huawei.

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