March 9, 2022
- war is really bad, and right now escalating in Ukraine
- this will last for a few months
- President Biden and PM Johnson(UK) will stop importing energy products from Russia
(We want to isolate Russia and cut of its revenue from the west)
- most International companies end their operations in Russia (Nike, McDonalds, Starbucks, GM, most banks, Coca Cola, Pepsi, Boeing, Esso, Shell, Chevron)
- but the rest European Union (EU, Germany, France, Italy, Belgium etc) will continue to buy energy products from Russia
- these countries import up to 40% of natural gas from Russia – no other source to supply gas to them
- Canada does not buy energy products from Russia
- Nickel the metal – Russia is the largest producer of nickel – Nickel prices double in 2 days
- we need a lot of nickel to make the electric car /hybrid car batteries
- it will cost more to manufacture electric/hybrid cars (up to a few thousand per car)
- production of these cars will be delayed by at least a few months
- Canada nickel production: Sudbury, Ontario (Google how many tons of nickel did Sudbury mines produce last year):
The Sudbury district has produced more than 176000 tonnes of nickel, and over 3,200 tonnes of silver, 300 tonnes of platinum and 100 tonnes of gold
- for you to compare: Russia produced 235000 tonnes of nickel last year
- Russian Ruble (Russian currency) – tumble or fall more than 40% in three months
- no one in the world wants to own Ruble – cannot trade or buy stuff with ruble
- the stock market in Moscow is falling very quickly – most do not want to own shares in Russian companies
- wheat: Ukraine is one of the largest wheat producers in the world
- war – no wheat production, price of wheat has gone through the roof
- your bread, pasta and grain products (cereal) will be more expensive (inflation will be higher)
- wars are bad for everyone, and should never have happened. Pray for the people in Ukraine
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