And the price of thermal coal to produce electricity more than tripled to reach an all-time high of $460 per ton on March 7, as against $134 per ton on Dec. 21. These and related commodity prices are expected to continue to soar in the months ahead. Bank commodities traders estimate Russian oil exports to Europe are actually down by 1.5 million barrels per day (bpd) despite being unsanctioned, for example. A regional common currency will also be negotiated to facilitate international trade, investment, and settlement of accounts-with a gold-backed renminbi being one leading option. Europe’s nations and people, in particular, are lambs being led to the slaughter. Energy prices are also soaring, as part of the global hyper-inflation unleashed by the global speculative bubble of financial assets. Russia is the fourth largest nuclear energy producer in the world at 202 twh, after the U.S., Crickex App China, and France. In the year ending in Oct. 2021, Russia supplied about 25% of all oil imported by the European Union.
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