The current focus of Russian O&G exports are Siberia to China
and to a lesser extent Siberia to India and Asia generally rather
than westward to Europe .
China is pouring Y Trillions into Siberia for national security reasons
in anticipation of Uncle Sam giving China the "Russian Treatment" later.
Of course the BRI is generally designed to minimise the impact of
comprehensive economic sanctions on China by the USA as a
prelude to war.
In that respect this Ukraine war has profoundly changed trade and capital
flows globally (accelerated the inevitable) and over time by America showing its Full Monty when
it comes to freezing our others out of its USD dominated global systems
and, IMO, it has the potential to derail the USD as the global reserve currency
by 2030.
Should that happen, the Trillions of Greenbacks parked abroad will likely flood back
into the US economy requiring drastic action by the FED & the Treasury
to prevent hyper-inflation.
(All IMO only, and those potentially impacted should seek advice from a licensed
Financial Planner)
An average of $65 Billion per month trade deficit is $780 billion P/A
