Couple things, besides how sad it is.
Shame on all Western countries who have abundant access to natural gas & oil within their own bloody country and are not utilizing it, and yet they buy from Russia.
6th month outlook price on spring wheat jumped 9.1% overnight. Not a good sign for food prices, but a good sign for the Canadian farmer & Canadian exporters. On the other side, Russia is top 5 exporter of fertilizer, so Canada needs to increase investment and production on that side immediately.
Canada needs to fast track LNG development today. Right now we are funding the war buying anything from Russia that we can't produce in our own country.
Sanctions need to be severe to put it mildly.
All Russian state owned assets need to be seized.
Good job Germany. Shuttering stable nuclear power and creating reliance on Russian gas. As of 3 days ago Germany natural gas storage was at 31% capacity. Winter is almost over and that could be the only thing that saves them.
Who knows what will happen now. Hard to say what is truth and what is misinformation on Twitter feeds.
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