Originally Posted by
bigsmelly
Soo... isn't everyone's defense budget gonna be hit by COVID?
China won't sell as much to the west.
Russia is heavily dependent upon the oil price.
Playing devils advocate - perhaps there will be less sabre rattling, and hence a safer world...
Russia has spent the last 6 years buying gold and reducing debts. Its reserves in US$ are greater than its external Debt and has a nice few pipleines already constructed that are pumping gas and oil.
Add in 100 billion £ in Gold reserves and you will see why it is not as worried as others.
Obama's sanctions forced them to become self sufficient, in 2019 it exported more Wheat than the US............ a situation unthinkable 20 yrs ago.