Posted on 05/19/2022 9:44:27 AM PDT by SoConPubbie
‘Proxy war’...that’s exactly what Pastor Adams said about the Ukraine situation.
Russia has a current account surplus of $95.8 billion so far in 2022, the central bank said, helped by surging prices for oil and gas exports paired with cratering imports amid Western sanctions.
This year's surplus is more than triple the $27.5 billion in the same span last year and is the highest since 1994.
Western sanctions have yet to fully deter global customers from buying Russian oil. While the European Union has publicly condemned the Kremlin for its war in Ukraine, it has yet to impose an oil embargo and remains Russia's top export market. Meanwhile, China and India have stepped up purchases of Russian oil.
Last week, the International Energy Agency said Russian oil export revenue is up 50% since the start of 2022 with the Kremlin generating close to $20 billion per month in sales.
Russia provides the energy, raw materials, and food that China would need. And there is this little matter of nuclear weapons, which Russia has the largest arsenal in the world. There is not going to be a land war in Asia.
There is no doubt our arming of Ukraine before the war, along with the pain those weapons have inflicted, has massively damaged our relations with Russia. China will not be so quick to make enemies, as they prefer economic warfare over military.
China is already our enemy. They are the biggest threat America has ever faced. We need to start treating them like a mortal enemy by decoupling our economy from China. Economic warfare is destroying this country.
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