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Russia turns off gas supplies to Poland and Bulgaria as the first step to show its intent require payment in rubles for sales of natural gas to “unfriendly” countries. The contracts for these natural gas sales called for payment in US dollars or Euros, depending on the individual contract, and requiring payment in rubles is…
Russian population is shrinking every year, and the Ukraine war has accelerated the trend. Three factors combine to depress Russia’s population: Low birth rate High mortality rate High EMIGRATION rate – a Russian brain drain Low Russian Birth Rate Russia has a birth rate of 1.5 births per woman, which is significantly lower than Europe…