Kharkiv Under Siege Yet Russian Oil Still Flows | Jacob Shapiro
Forward Guidance
00:00
The Price of Wheat Has Nearly Doubled in a Week
Two of Russia's largest commodity exports are oil natural gas and then wheat. Wheat is uneconomic to transport by truck so it has to go by ship, which would have to be the Black Sea. Either Russia is able to accelerate its military campaign in Ukraine, or Russia decides to walk things back a little bit. The worst thing for this situation would be what I think is most likely at this point,.
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