MEPION

Until now, Europe got 25% of its basic NPK from Russia, directly or indirectly. Russia is well-positioned to significantly redirect its oil exports currently going to Europe (about 2.3 million bpd), to China and India, which currently imports 85% of its 4.3 million bpd requirements, but less than 3% of that comes from Russia. This especially hits the wheat import-dependent nations of the MENA (Middle East-North Africa) region, many of which were 70% or more dependent on Ukraine and Elon Online Russia. "There are likely many billions more in unknown amounts. Many European nations had come to be reliant on Ukraine for feed grains (barley, corn, etc.) which are now cut off.