How will it affect you if Russia invades Ukraine?
Many people may think... Ukraine is a long way away. It won't affect me...
In fact, it has affected you and everyone else. Gasoline prices have reached a new 7½-year high...
That's because Russia is a major oil and natural gas producing nation... Anything which can disrupt the supply of oil sends the gasoline prices soaring...
I'm currently working with some people in the money transfer business. Money transfers are an interesting business... When there's disaster, it's good for business. That's because people send more money to their family back home in the disaster area, to help them out...
If Russia goes ahead with a full-blown invasion of Ukraine, Ukrainian migrants around the world will be sending more money back to their families in Ukraine, to help them to survive...
Another business which would be doing well is the arms trade. Arms and other military equipment are already being sent not only to Ukraine, but the the nations surrounding Ukraine and western Russia too, like Poland, Lithuania, Latvia, Estonia...
Those are some consequences... I'm sure there are more I haven't thought of... Any thoughts on this?
Best wishes,
Dien
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