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Originally Posted by FlameOn
RealLifeLore with another great summary video on the longer term consequences of Putin's war on Ukraine covering topics like European Russian energy dependence, travel consequences, food security, etc. Countries dependent on Russia/Ukraine for energy or food, like Germany/Lebanon/Egypt, are going to hurt a lot short term.
With Russia threatening immediate shutoff of European energy sales in response to the sanctions/non-payment of gas contracts in Rubles, and Germany threatening retaliatory nationalization of Russia's energy assets in the EU should Russia do that, prices for these things will be going up for everything in the short term. Possibly catastrophically so in some places.
https://twitter.com/user/status/1509614091345801218 |
Would be shocked if this isn't a bluff. Gas is their big source of money. I mean this invasion was stupid so wouldn't be shocking if they do something else stupid - but it would be stupid. Particularly in the spring/summer.
Quote:
Originally Posted by FlameOn
Egypt importing 85% of their wheat from Ukraine+Russia is the biggest one. As if that country needed any more instability. Lebanon having only a one month supply of wheat left is kinda scary too. We are quite lucky in Canada having an abundance of water, food, and energy.
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Those countries do rely on Ukraine/Russia - but other countries will fill the slack at least somewhat. Its dire, but its not as dire as some stats would have you believe.