The world needs more Canadian resources — via financialpost Canada resources inflation
Russia is being isolated by financial restrictions and the noose looks to be tightening as the European Union mulls even tougher restrictions on imports of Russian coal, oil and natural gas. Just as significant are the sanctions that prohibit Russia’s access to U.S. dollar transactions, as well as to the companies, capital, technology and expertise that have built its resource industries.
This means that Russia won’t have the ability to repair and upgrade its existing operations, much less build the pipelines and other infrastructure needed to provide the enormous oil and gas quantities that it has committed to China.Article content
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