Wheat..

Austrian Chancellor Karl Nehammer said on Twitter that he plans to meet Russian President Vladimir Putin in Moscow on Monday, marking the first in-person meeting between Putin and a European Union leader since Russia invaded Ukraine in late February.

Ukraine’s economic output will likely contract by a staggering 45.1% this year due to Russia’s invasion, the World Bank said on Sunday in a new assessment of the war’s economic impacts.

The World Bank also forecast Russia’s 2022 GDP output to fall 11.2% due to punishing financial sanctions imposed by the United States and its Western allies on Russia’s banks, state-owned enterprises and other institutions.

The World Bank’s Eastern Europe region, comprising Ukraine, Belarus and Moldova, is forecast to show a GDP contraction of 30.7% this year, due to shocks from the war and disruption of trade.

For Ukraine, the World Bank report estimates that over half of the country’s businesses are closed, while others still open are operating at well under normal capacity. The closure of Black Sea shipping from Ukraine has cut off some 90% of the country’s grain exports and half of its total exports.

With that, the desire for war/revenge continues and the demand for weapon continued. 

Just a thought.